I'm a big fan of the technology and I'm really hoping to see it cross paths with something like the Tactus Technologies products that let you "feel" virtual objects. Having the best or the physical and virtual worlds. Hello Holodeck!
Most exciting thing about Virtual reality? The idea that even for a short time your mind could be fooled by the extra sensory stuff into believing you are really in another world when in fact you are just playing with a phone. Now...send me the goods! Make it Verizon compatible pretty please!