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Yikes, $1,000. I was really hoping it would be cost competitive with Oculus

I'm actually happy to see this. Strongly feel that the current generation of headsets are not good enough and VR needs at least one more cycle of pushing the envelope at the high end price point before finding mass market success.

Unfortunately, GPU performance per watt/$ seems to be capping out just short of the goal.

Wow, stop watching the news for like an hour and look what happens.

Good lord guess I'm never upgrading my Vive

If you already have the Vive, you can get just the HMD for $500. It's compatible with the Vive's v1 lighthouses and controllers. Or, you can just get the controllers and continue using your Vive.