Really seems like a money furnace for the investors here.
It is backed by Google so there is probably plans to improve the hardware which as it stands is not impressive OR knowing Google they could pull the plug just as easily.
In fact, Magic Leap One, is looking to be a major major flop, shortly after somebody released a review on the limited focal view and some annoying hardware designs I knew it was fucked.
We all lose when that happens.
This is a developer device. We'll see when they release the consumer one if it flops, but that'll probably be if no one makes the apps or games it needs to be successful.
Limited FOV is going to kill it for almost everyone. I think they would sell more at double the price, if they doubled the FOV.
Also from Palmer Lucky: They need to fix the controller. Either compromise on it or make something custom that works. Commercial applications will bring a lot of funding here and a wonky controller, when others exist which are not, will hamper that.
They have the chicken, now they need developers to make eggs. Day One of a consumer Magic Leap device needs that for anyone to say "wow, I need to have one of those in my life."