Do you believe VR is dying?

in Off-Topic
I live in an area rife with Insurance companies, and they all seem to be interested in Virtual Reality headsets, to the point where several of them have been dedicating some of their best programmers to making mood-altering simulations on it. I can imagine them thinking "Whoa, the millennials are gonna LOVE this, right? We are so cutting edge and creative!" which is ironic, because they are all only doing VR because everyone else is.
Of course, none of them have made a penny off of it yet, and I don't think they really know how they are going to actually profit off of it in the future.
I have a weird feeling in my gut that VR is a fad that will fade off like motion sensing technology and AR - the tech just isn't ready yet, and the cost pushes it out of mass market appeal. What do you guys think?
Of course, none of them have made a penny off of it yet, and I don't think they really know how they are going to actually profit off of it in the future.
I have a weird feeling in my gut that VR is a fad that will fade off like motion sensing technology and AR - the tech just isn't ready yet, and the cost pushes it out of mass market appeal. What do you guys think?
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Maybe a reasonable sales expectation is some percentage of entertainment system sales.
I think it's a nitch market, I do not think it will be the next big thing like smartphones where.
1. It consumes a considerable amount of computing power to render a realistic VR environment, this is going to push the cost of hardware required up.
2. So your wearing a helmet where you can look around your environment, maybe even gloves so you can see your own hands in the environment, but how are you going to "move" in your environment using you legs without bumping into the rooms of your apartment? I look at it as not the full VR experience.
Personally I rather use a computer for my gaming, the VR thing is neat, but I don't think it has staying power.
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I think part of the problem right now is there aren't enough focused games on VR as a platform. You have some hardcore titles like Elite Dangerous, but for every well-built game you'll have 35 gimmicky arcade games that are entertaining for 10 minutes. Personally, I think the most interesting/exciting experiences are from horror games. These seem truly terrifying, even if you're a fan of horror movies. Really looking forward to getting one and watching my wife try it out!
According to this article, that's on par with the original Atari... considering inflation.
http://oyster.ignimgs.com/wordpress/stg.ign.com/2013/10/mostexpensiveconsoles.jpg
The Real Cost of Gaming: Inflation, Time, and Purchasing Power - IGN
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I really don't consider "video gaming" systems real VR systems, my video card in my PC cost more than most of these Video Gaming systems listed in these articles. To truly experience a VR environment that doesn't look cartoonish, your going to have to have a high end PC, and that costs $.