Fair points, although I completely disagree about the future of VR. Also, you're conflating VR HMDs (Rift, Vive) with AR HMDs (HoloLens, Meta 2). Totally different purposes, totally different use cases."Microsoft has bigger plans for HoloLens". Microsoft had big plans for the Zune, Windows Vista, Windows 8, and the Windows phone.
This will absolutely go nowhere. It's just a waste of time and energy. VR has no future, except niche. Remember 3D televisions? Who, that owns one, actually spends 30 minutes a month wearing the glasses?
If you have to but something heavy on your head, you won't do it. If you need a top of the line computer, it won't happen. If it's over $500, few will make that commitment. But those that do, will end up playing with that gadget for a few hours, then place it back on the shelve where it will collect dust.