Biggest downside here is probably sticking with Fresnel lenses, can't even really call it gen 2 with that decision. Probably had to be made to meet the price point I guess unfortunately.

Should be a pretty clear screen though with the limited FOV and nice contrast. Haven't used PSVR1 myself and just checked resolution and WOW didn't realize how trash it was merely 960 x 1,080 that's lower than CV1! For anyone primarily experienced with PSVR ecosystem this should be a massive step up.

Pimax just announced Crystal yesterday as well so glad to see movement in the VR space.