Early adopter here, initial 2012 Oculus Rift Kickstarter backer, I own all the headsets. My excitement has all but died down in regards to the current generation of VR. Mostly, I find the hardware cumbersome and clunky and the games to be too same-y (teleportation galore) or unpolished.
The absolute best experience I had in VR was playing Half-Life 2 back in 2013, with terrible resolution and tracking, but it was so immersive I could barely contain myself.
Now though, that I'm no longer wowed just by "being there", the act of strapping into VR is so cumbersome, the software is buggy at times, the cable is annoying, the headset is heavy, hot, doesn't work well with glasses etc.
However, I'm still as excited for VR as I was in the beginning in regards to the technology. Give me a lighter headset, 100% wireless and great handtracking and finally some long, immersive games (can be ports, that's fine for me) and I'm ready to shell out money again.
As it stands today though, my VR hype is on hibernation until the next gen rolls around.