After a long wait for Sony's take on Virtual Reality hardware, the company has now confirmed the name for 'Project Morpheus' being dubbed the 'Playstation VR'.
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Microsoft is serious about VR and it's not ignoring the likes of Oculus Rift. The company is developing Irides, a project that allows for higher quality and lower latency on VR headsets.
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.