Having tried it -- I disagree.
The hardware is excellent. (Talking about the Vive, but I guess the Oculus is similar). The software is enough to see the potential, but there's huge room for improvement.
90% of the people who I've seen try it have been extremely impressed. This includes kids (4 yrs old, 5 yrs old) and people who would never touch a 3D game. It's just incredibly easy to use and very, very compelling.
The technology has delivered. Whether it will take off is now a matter of marketing, cost, and the network effect -- there need to be more developers, more users, for software quality to increase.