But when will the Oculus Go become available to the masses?
So, what's so special about Oculus Go? As it turns out, we got more than we bargained for.
Oculus, the virtual reality company Facebook spent $2bn acquiring, has unveiled a standalone virtual reality (VR) headset that, it claims, will persuade one billion people to use the technology. Oculus Go will go on sale "early next year" priced at $199, or around £150. That compares with $599 for a top competitor's product, HTC's Vive. The Oculus Go is binary compatible with the Gear VR, meaning developers that are already using the latest Mobile SDK, or the latest Unity or Unreal game engines, can run their apps on the new VR headset without any modification. If you believe that that's where the magic of VR resides, this kind of headset will probably be how most people end up experiencing that.
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Also present during the conference is the next-generation virtual reality headset codenamed Santa Cruz.
Oculus Go design: What does it look like? Oculus has introduced a softer shape with rubber straps, as well as a pair of motion controllers, which are equipped - like the existing Oculus Touch controllers - with infrared LEDs that those cameras can track.
Oculus has just made a handful of interesting announcements.
Together, Oculus described Oculus Go and the controllers as "two significant milestones".
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The Oculus Gear VR has seen some popularity, thanks to Samsung smartphones, but the high-end Oculus Rift platform has not seen many takers. Well, the company does want to bring 1 billion people into VR in future. But how? Let's talk specifics.
The American company hopes a better response for this new VR after the Oculus Rift headset, which was launched in March 2016.
Rift's advanced display technology combined with its precise, low-latency constellation tracking system enables the sensation of presence - the feeling as though you're actually there. The Oculus Go will have a smaller controller similar to that of Gear VR, while the lenses will offer the same wide field-of-view as Rift.
Moreover, the Go also comes with integrated spatial audio and has speakers built in.
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