The problems right now are very fundamental. The quest 2 out of the box is supremely uncomfortable. Casual users will put it on and not want to use it due to VR nausea and the discomfort of the headset after wearing it for 20 minutes. The hardware is not powerful enough to create an experience like Alyx - all the headset games just have basic polygons and colors. Resolution is still poor, FOV is poor. We're still in the infancy of immersion/comfort/usability. I played Alyx on the Quest 1 which I actually think had better immersion due to the OLED screens.
IMO the trick is going to be whether Meta can pull off a usable, immersive device in the next 5 years without their revenues completely tanking. The problems to overcome are really hard and still at basic research level which takes years to develop. The other issue is the killer game or app that gets people into VR en-masse.
I guess my point is I think writing VR off completely is a mistake - like someone saying what is the point of a cell phone in the 1980s when they were giant bricks and cost a fortune. VR will get good enough at some point that it's like putting on a pair of glasses and stepping into another world without any friction. It's just a question of how long until we get there and who will bring it to us.