On my Oculus Quest I have completed a playthrough of Alyx and a few other games of different genres, no issues and no delay whatsoever.

It feels magical, in a way that feels like it must be cheating and the spell is going to break anytime... yet it doesn't.

To pre-empt a few of the obvious asterisks:

- "No latency" is physically impossible. If you play twitchy music rythm games you will indeed manage to notice.

- You must have a good wifi ac router.

- Your gaming host must be wired to that router.

- To minimize network hoops, all of this should happen in the same room. Every milisecond counts.