VR has been around since early 90s, the difference now is the much hype pushed on VR headset, industry is hurry on a next big thing:..VR in fact is the next "input device". It is much, much more than anyone can imagine right now. It IS everything.
PC industry feeded nasdaq a long time being the greatest big thing ever, until it commoditized.
The original Web failed miserably and giving us that dot com market Crack wich ruined the economy, then
HDTV helped for a while.
3D HDTV failed miserable
Social networks now are an hyper commodity also Facebook has serious issues to profit.
4k failed and is lowering price sooner that have been foresee, and soon 4k will be as cheap as hd.
Blu Ray 4k is dead before getting to the market
Smart tv, becomes quickly another media commodity.
The entertainment industry looks for the new "CD" like or smartphone like product giving high revenue margins and slowly getting cheaper (here is where patents came to play).
Now many people think VR is the next silver bullet big thing, I doubt VR will pass around as another gaming gadgets as PSP or a game console, I don't see a future of VR - everything, what VR will do is to replace large video display on entertainment rooms and somewhat will be another companion device on some desktops,but I doubt seriously it will be the next big thing as was the smartphone (soon to commoditize) or the CD which lasted long time before become commodity products.
VR what actually gives you is an bit more immersive experience but not always this is as practical or necessary on a daily work flow, just as the smartphone is now part of our lives.