It’s not all just for show though. There’s a remarkable value to seeing people in person that can be hard to recognize when you mostly deal with people nearby.
For personal use, I suspect you can get better video quality for cheaper with a used a5100 or a6000 for video (maybe 300?), arguably unfair comparison since you can get a used ipad also and maybe impractical for a company. On the audio side, I bet the issue for most people. . .
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. . . is noise from the environment, not sure if there's anything not very expensive that will fix that other than being near the mic and using low gain? You could try a very directional mic, but then people aren't going to be able to move, which seems like too much hassle for VC
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My primary concern is audio, both latency and quality. Our working theory is the directional mics in the airpods are hard to beat (I can be heard over Manhattan street noise). For latency, we have strong evidence that facetime has gone above and beyond (see earlier linked talk).
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Maybe in 2021.