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It is good to see some other work being done in the VR front. Having choice is always good. Though the Rift will be more versatile I think whereas the Morpheus will most likely be locked to the PS4 or other Sony products.
I really want to try one of these units, it has been one of those sci fi dream things since I was a kid.
Sony has announced that it will be hosting a nearly four-hour event focusing on its PlayStation 4-based virtual reality headset Project Morpheus on Tuesday, March 3rd, during the Game Developers Conference in San Francisco.