Many of you are caught up in the small technical details. Forget about that and look at the big picture. We are finally going to replicate experiences and our brains will really think we're there.
This will have repercussions on things that may not be so obvious right now. Things such as traveling for meetings or entertainment. Why go through the hassle of getting ready, driving through traffic, looking for parking, etc when you can just put on VR equipment and experience the same thing instantly?
I can't say for sure that VR will be as big as I think it will be, but I'm pretty confident that it's an either/or thing. Either it's going to be the most impactful technology since the internet (perhaps greater), or it's going to be a flop. I don't think there will be a middle ground.