We should have the technology to do VR acceptably now, although display technology and tracking technology both needed an upgrade. The problem remains, what do you use it for? If there's a killer app for VR, it hasn't been invented yet.

Also, the headgear needs to be far less clunky. Samsung is making progress in this area. The Oculus Rift is as bulky as some of the 1990s headgear.