I also think it's also somewhat bad timing, since HMD hardware releases are finally picking up. Panasonic's MeganeX, which uses 2560x2560 120Hz micro-OLEDs, is finally being released in the spring for <$1000 after being first shown 2 years ago (and there seem to be lots of similar micro-OLED HMDs in the pipeline from various Chinese manufacturers). Also, even though the PPD is much lower, there's stuff like the Lynx R1 coming out shortly that will also have full OpenXR support, is committed to privacy and staying independent, and has number of things that makes it more useful as a platform for all-day wear and hacking on: an ultra-thin flip-up form factor, 6DoF SLAM, UltraLeap hand tracking, eye tracking, and has already-working overlay AR (w/ 20ms camera-eye pipeline).