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Yes. It is not cheap enough to be mass market yet, but is close enough that you can see a lower price being attainable. The vision implementation is good enough in some circumstances, but obviously much of that will improve. Multi-player games are not there yet, but Oculus has already shown next-gen demos with multiple players.

The current batch of first generation devices obviously have shortcomings, and the price, lack of apps and shortcomings will make them early adopter devices. It's obvious that VR has come a long way in 20 years though, and the next few steps forward will make these into mass market devices.

On Youtube is a demo of Medium, a sculpting app, used by artists. I used this myself on Oculus Rift. They said it can sculpt 3d objects you can't easily do on a PC or in real life. It's like Photoshop or Illustrator or some CAD app, with the left hand being the toolbar and the right hand drawing and sculpting. It may be primitive but is useful now. VR is here.



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