I have to admit, Oculus Rift is sounding a LOT better than it did a year ago.
Now it sounds genuinely like it can provide an experience beyond what is possible with simply a PC or console.
It really seems like this is the third and final piece of the puzzle to complete the PlayStation Move/PlayStation Eye combo.
-- Kinect - on its own its pretty dumb.
-- WiiMotion - on its own its decent-ish, but mostly unnecessary.
-- PlayStation Move + PlayStation Eye - a big step in the right direction, IN THEORY, but still not put to any good use.
But when you combine all 3 - the motion controls, a game camera AND a VR environment...HOLY SHIT!!!
You can move, walk and manage abilities with the analog sticks, interact with objects in the game world, swing/aims weapons, and block with a shield using natural motions thanks to the motion controls, and instead of seeing your actions mirrored by your character on a screen you SEE YOURSELF DOING IT.
None of this trying to "telepathically" control a separate entity into manipulating its environment, and fumbling around for objects that have a weird spatial relationship to you yourself. No. Now you can use YOUR hands to pick things up. YOUR hands to swing a sword.
If the Oculus Rift (or a very very similar technology) doesn't get ignored, and it's well implemented, it could very well be the biggest evolution of games since the 5th Generation consoles (PlayStation 1, Nintendo 64, and Sega Saturn) were released and brought polygonal 3D to games...
Much more drastic than the better graphics championed for the 6th and 7th Gen systems (graphics have ALWAYS been getting better), or online play (we already had multiplayer...*shrug*), or touch screens (just fancier buttons), or motion controls on their own (very few significant uses).
This is the first gaming technology in a loooong time that seems economical, feasible, useful, and revolutionary all at the same time.
Honestly, the only downside I see is that you have to wear that thing on your head...
I can't say I'm super excited yet, but I sure as hell am intrigued.