If that's the timescale then financial viability is very much in doubt, which probably means neither will ever be a mainstream consumer device. However they can have use in entertainment, for instance AR being used in laser force arenas, so you are fighting monsters in the "real world". Similarly you might have VR arenas only obstacles are soft foam (to prevent injury but still act as physical barriers) that map to certain images of cover or terrain.

I like the concept of in home VR as entertainment, but being in home really limits the scope of its potential and I don;t see it having a whole lot of use aside from entertainment. I like the concept of in home AR for entertainment somewhat less than VR, but I think it has considerable potential for in home / private use outside of entertainment. So I think AR has better potential to become a mainstream consumer product because I think it has wider use.

I see VR use for a lot of thing, ppl who can't get outside of hospital or house and want travel, ppl who need to see something for learning, for gaming, and after app devlopped, for ppl to see your vaccation in VR like good old photo/camera movie, see concert/sport etc  etc !

And with OR, PSVR & many other, price will come down and more meanstream faster than 10years, its in 350-500 range for when this comming out first... but second gen or tird could be cheap if they not greedy like smartphone/tablett market !

Ill bump this when PS VR out sales the wiiu in its first two years and out sales xbox1 overall.

Wrong, VR in the 90s did exactly what you are explaining.  Professor at my Uni says he attended SIGGRAPH in the mid 90s and they had VR tech there.  Said he put it on and started traversing, and all of a sudden in the "game" you fall into a free fall and most people would fall down or lose balance, their body would freak out.

Its still vastly superior today, but it wasn't horrible a decade ago.  Personally, I can't think of one game I'd want to play on it.  Would be cool to try out, like laser tag from time to time :P 

No wonder people fell down, the technology just wasn't strong enough. Just look at that frame rate.

https://www.youtube.com/watch?v=rVn3H93Ysag
At the 7 minute mark they show Dactyl Nightmare.

Screens have gotten much better, lower persistance, high fps, better resolution, the devices are a lot smaller. I imagine the lag has been vastly reduced as well. Compared to VR nowadays, it was pretty horrible.

I can think of plenty to play on it.
- Any racing game, flying game, wipeout etc
- Descent like games
- Survival horror
- Myst like adventure games
- Puzzle type games like Fract OSC, Anti chamber
- REZ
- Flower

Imagine 3D VR camra's.

Why take a picture you can put in a small frame, when you could capture a 360 degree instance, and experiance being there in a 3D picture/movie.

VR could revolutionise the camra industry.

It could change pay-per-view, imagine going to a virtual concert and haveing the feeling of being there, while your sitting on a cough, able to take off the headset, go Pee or drink some coffee, and put it back on again and be back in the thick of it once more.

People calling for VR's doom are short sighted.

It has way to much potential and too many people invested in the development for it to not go anywhere.

If that was the case, there wouldnt be this many jumping on the bandwagon.

Ant i think its a great idea for porn and documentaries, but not for gaming.

I guess some genres might lend themselves better, but others don't at all.

At the end of the day you ask yourself... why buy this when your console + TV already gives you better gaming?

Setting up false premises in a question like that doesn't exactly cultivate a good discussion. TV might be superior for some types of games, but for others, it isn't even a competetion. Horror games, racing games, most first person games in general, especially those based around adventure and exploration, because immersion is just that much better.

3D VR GoPro please. They're already into sperical solutions. https://gopro.com/spherical
Controlling that with a mouse is painful, would be cool to watch on a vr helmet.

Ah tech is even moving faster than I thought
http://www.newsshooter.com/2015/09/08/gopro-odyssey-a-360-degree-8k-3d-virtual-reality-capture-system/
https://www.youtube.com/watch?v=AR9_SZtJ_KU

It will add a lot of rewatchability to videos. And new ways to create movies. Plenty directors are into long wide shots to let you take in the surroundings, could be even better if you can look all around. A frameless movie, new concept, can it work.

Alright... but TV does all that, albeit a bit less imersively, but does the other ones better and doesnt make you look like a tool... and you dont need to spend an extra 300 or whatever it will cost.