Just bought this for my daughter (although also a toy for me). Have to say the virtual reality is friggin amazing. While you're still limited by your room size, the game does a great job of keeping you in your space. While the game technology still has to catch up with the VR technology, the few games and all the demos are pretty awesome. plus, it's pretty cool watching youtube in the VR system. It's like suspending a giant TV screen in the air in front of you.
Just got my Oculus Rift today. Downloading a bunch of free stuff, but going to pick up more stuff during the Steam Sale. The intro stuff (daydream?) was definitely one of the coolest gaming experiences I can recall, even for how brief it was.
Soooo I also got a Vive a while back. VR to me is one of those things that really cool until that cool factor wears off. Then you're playing a below average game with while sweating. I'm hoping someone makes THAT game for VR that everyone must have. I just dont feel like that game exists yet.