There's an incredibly simple product case I think HN is missing: I bought a Vive and then an Index. This has higher resolution than the Index, lower mass (even with a battery!), and easier setup that can enable more spontaneous use. In addition, I now get the benefits of "standalone" headsets that I previously did not think were worth hundreds of dollars on their own.

Am I paying $1000 for a minor improvement? Yes. It's a hobby. It costs money sometimes. I don't do this for nearly anything else, like phones that other people seem fine for paying $1000 every other year. I expect this device to last until another 6 years when I can justify spending another $1000 on another iterative improvement. Similarly, I may spend $1000 on a new setup for simracing soon.

Spending $6k on a gaming PC, a VR headset, and wheels and pedals is an experience you otherwise cannot get. I would spend money on VR even if it only worked with one or two driving games and nothing else. For those of us in that niche, VR has been anything but a "Failure", that business people seem convinced it is because it couldn't be the next "Platform" to put an app store on.

But, that's the market for VR. It's a niche toy for people with expendable income. It's not a mass market to rival the smartphone.