Over at Meant to be Seen 3D, in answer to a forum post looking for the perfect HMD, board vet, cybereality took the time to respond in depth…
Money quote:
Well, sadly to say it, you will probably be waiting for a long time. There is nothing I know of on the market that fulfills the Virtual Reality fantasy of the 1990’s, and in many ways the stuff they had back then was even more advanced then most of the stuff on the consumer market today. Even if you look at medical/military $20k HMDs, they still don’t even have full HD resolutions or the kind of FOV you would expect in the year 2010 (almost 2011 now). I mean, there have been some interesting research projects in academia, but nothing that could actually play a retail video game out-the-box. At this point I am think about building a DIY HMD myself, and some other members on the forum have already started projects. It just seems that the market is not ready for a consumer level VR device (meaning a headset and any accompanying peripherals). In recent years it seems that Augmented Reality (AR) is gaining popularity and is probably where the industry is headed. So I think a see-through AR-based HMD may have a place in the market in the near future. But the traditional idea of a encompassing display helmet and data-gloves seems to be fading (as much as I’d like it to be real). Hopefully there will continue to be progress in this field.