The Oculus Rift is probably the most well known of all VR headsets
What is certain, though, is this: VR — and headsets in general — will be a big growth trend between now and 2017. All of tech’s major players will have devices in this bracket within the next 18 months.
The Oculus Rift is a virtual reality device consisting of headset, sensor, remote, and controller. There’s no traditional console box because you wear the device on your head. The device acts as goggles that immerse you in a 360 degree virtual reality experience.
The Oculus Rift works by plugging into your PC’s USB port and tracks your head movements by the built-in and external sensors. It will not work as a stand alone device. The Rift will support a range of PCs. The minimum specs you’ll need are a 2.4GHz quad-core CPU and a 64GB HDD, and a Nvidia 9800 or AMD 4870 graphics card, which each requires 1GB of dedicated RAM.
However, in order to get the full experience with the best graphics, a PC with an NVIDIA GTX 970 / AMD 290 equivalent or greater, an Intel i5-4590 equivalent or greater, and 8GB+ RAM is recommended.
Despite the fact that the Oculus Rift comes with an Xbox One controller, you won’t be able to plug it into the Xbox to play games. You’ll still need a Windows 10 PC. However, the Xbox One is expected to gain functionality that lets it stream some games and content right to the Oculus Rift.
Samsung's GEAR VR is also powered by Oculus.
Like any other gaming device, the Oculus Rift will have its own OS, called Oculus Home.