Interested! I’m really passionate about VR/AR and would love to work on something in the space. Currently an undergrad. How can I contact you?
There is a lot of foundational hacking to be done around the Oculus standalone headsets. I don't believe the headsets have yet been cracked to unlock the bootloader to launch unsigned firmware.
It's probably worth moving discussion over to a forum and Wiki dedicated to such reverse engineering efforts (such as XDA developers) [1]
I do think that now is the time for such a project, and that crowdfunding has changed the economics to make this possible in a way that it never has been before.