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    A friend has had an Oculus for about a year now. It's almost as engaging and useful as Google Cardboard.

Dev kit 1? They made quite some important improvements with the current iteration.

Friend of mine makes games and got to try the HTC Vive recently at a conference. He said it blew Cardboard / early Oculus out of the water. Higher screen resolution, less lag and especially the controllers make it a much better and interactive experience since you can also walk / jump / crouch around.

That said, the $800 Vive and Oculus require a $1000+ computer, so of course it is not ready to go mainstream. Both VR and GPU's definitely need more time to go down in price/performance.