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As others have said, VR has been an enduring concept for too long now for it to die out, but its current form is definitely niche and enthusiast. Breaking out into the masses will require a device with mass appeal. The closest so far are the Quest line and the Apple Vision Pro. Despite its current price I think Apple has the right idea with an AR first, portable(ish) device that has general utility beyond just gaming. As always, the tech just needs to mature to a point where it's cheap, lightweight, comfortable, and properly portable while remaining capable. Until then, it'll remain niche.