VR is not new and it has never been successful. VR has been proven to be unsuccessful over and over. And yet people want to keep trying the same thing and expect different results.
No, VR has been proven to be not good enough in the past. Bad motion tracking, bad resolution, bad field of view, bad refresh frequencies, all resulting in headaches and/or motion sickness. The controllers weren't intuitive either.
Oculus Rift, PSVR, HTC Vive and all newer VR devices are leagues ahead and can be worn by most people for hours without any problems. They have become lighter and the weight distribution of most models is very smart. The Oculus touch controllers are awesome and the Knuckles controllers will be even better.
Of course there is a lot room of further improvement (resolution, field of view, finger tracking, eye tracking, even lighter headsets), but Oculus Rift, PSVR, HTC Vive were a major improvement and the first time VR was "good enough" for most people who try it.
So it's not the same thing, it is a different thing, so the result doesn't have to be the same.