Meta can’t announce an MQ4 when the MQ3 consumer is cost-motivated and instead of an MQ4 they came out with a cost-reduced MQ3S which is the brains of an MQ3 (software compatible) in the body of an MQ2.
The story is that Meta is looking for some escape from oldster-dominant Facebook but when I started focusing on the social features I met a lot of retirees who play Beat Saber and like to go on cruises and post pano videos on YouTube. I don’t think it helps with their demographic problems.
I have a big backlog of VR games which are similar to conventional video games, these are fun and all but they compete with so many flat games like Hollow Knight: Silksong and Arknights and such.
Another problem is, that despite headsets getting better, the prices haven't come down. They are just extremely expensive devices that can't really compromise on quality while maintaining good results.