At work they had an Oculus VR demo this past week and I got the chance to test one (I don't know the full specs of that particular unit). My experience and comments from the 5 min demo:
- Very first thing I noticed when I wore the headset was that the resolution seemed low, and the screen wasn't that bright.
- I had no control over the motion of the demo; as a result during panning, I could feel a twinge of motion sickness. Don't know what the framerate/latency was.
- It is a bit disconcerting to look at your virtual self, and while you move your real legs/arms, you don't see your virtual legs/arm move.
- The overall experience is very interesting and I think VR could be quite an enjoyable entertainment medium, but it definitely needs some work.