Is VR working yet?
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The value prop is incremental ("immersion" is not a must-have attribute of most games unless they're grounded in realistic sensorimotor affordances, like Beat Saber). And the cost/friction is considerable (extra gear, being mostly cut off from actual environment, etc.)
As a result, the only people willing to overcome the cost/friction to unlock the incremental immersion/presence value are a small subset of console & PC gamers. No sign this will change unless VR entry somehow manages to become more casual.
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I agree, but the physical aspects of wearing a VR headset and waving your arms around in a space only you can see make it fundamentally non-casual (even if the hardware itself was super cheap and light), so...
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Imo it's non-casual because the hardware (and software) isn't good enough to provide jaw-dropping experiences which will drive adoption which will have developers flocking into the ecosystem and make the flywheel spin even faster.
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The Oculus Quest 2 is selling about 3 units for every 4th Xbox Series X/S unit sold, roughly. Quest 2, while not ready for the masses, made enough of a difference to get that far. The bigger changes are yet to come, which really shows there's so much room left to grow in sales.
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