At a SXSW panel discussion about virtual reality, Palmer Luckey indicated that while things "haven't gone horribly wrong", he has backed down on actually releasing the headset later this year.
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Mainstream virtual reality is just on the horizon, but until then, it's beginning to be used as a tool in sports to help athletes train as well as learn from their mistakes during matches.
Valve programmer Jeep Barnett says that a lot of game franchises are being tested with the company's new headset developed in collaboration with HTC, one of these includes Half Life.
Half-Life 3D confirmed? Not quite, but the company behind Steam is ready to unveil its VR project that its been working on for the past few years. We'll also see new controllers and devices.
Facebook has given us a hint as to where it sees VR technology going in the near future. The company is already creating apps and testing scenarios that might soon become commonplace.
Microsoft has just unveiled Windows Holographics, a system for creating "holograms" by using an AR headset which allows a system to overlay a virtual reality over our physical reality.
HP has unveiled a number of new displays ranging from 4K and 5K ultra resolution screens, to more traditional curved displays, to a highly-specialized and a bit bizarre 3D offering.
According to sources, developers are now in possession of development kits for Microsoft's Xbox One VR head-mounted display. The headset could make its debut in June at E3 2015.
Sony has been working on its virtual reality helmet for a while now, and according to the latest news, a consumer version is 85% complete, hinting at a launch in the near future.
A group of high school students are making waves with their VR headset that resembles Google Cardboard, but predates it by over a week. The headset is made with household items and a mobile phone.
A new report claims Samsung is the latest company to join the growing virtual reality headset trend, with plans to announce its device this year and hopes of beating its competitors to store shelves.
Oculus VR hires Adrian Wong, ex-lead electrical engineer and senior hardware engineer of the Glass Explorer program from Google. He is working alongside Michael Abrash to create "The Final Platform."
Minecraft creator Markus Persson has posted word via Twitter than he has canceled talks to port the popular game to the Oculus Rift VR device, due to the company's upcoming acquistion by Facebook.
Facebook has announced in a surprise blog post that they will be purchasing Oculus VR, the company behind the Oculus Rift headset, for a total of $2 billion.
As previously rumored, Sony has announced their PlayStation 4 virtual reality helmet prototype, 'Project Morpheus', that will be part of the first VR development kit for PS4 game creators.
The Wall Street Journal reports that Microsoft is currently developing prototypes for virtual reality hardware that could be used to expand the Xbox gaming platform.