Finkledbody :
I have no faith in Oculus. I don't see this becoming available for purchase in 2016. And lets say for some reason they did manage to get it out. There will be so few games available it'll be akin to Wii U. Many will buy, then many used system will be selling on Ebay and Craigslist. Value will plummet. Sales will begin within the first year and old stock will sit and rot. By the end of the first year, there will be no more then 20 available titles.
plasmastorm :
I would suspect 6 months to a year and several million $ in development away yet.
Definitely way off the mark there.
The hardware development is done. Oculus has said as much.
Pre-orders will start soon according to Palmer Luckey last week on twitter.
There's no reason to think VR isn't coming in 2016. 3 major players are poised to launch headsets within the first 6 months of the year.
Oculus is standing strong with Q1 -
HTC has said pre-orders start in Feb for the Vive followed by a release in April.
PSVR is slated for the first half of next year, and with the content lineup they have showed its easy to believe this to be true.
VR will certainly be slow to take off. Its not going to have a 20 million headset install base in the first year, but it will be here for the long run.