Morpheus near completion and will be released sometime first half of next year.

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The Lonious Monk
The Lonious Monk Members Posts: 26,258 ✭✭✭✭✭
http://www.bbc.com/news/technology-31723030

Key points:

*Display is now OLED, but still just full HD
*Frame rate is 120 FPS
*Morpheus now has a 0.018 second latency rate - the gap in time between the user moving their head and the headset responding. It was previously 0.04 seconds. Mr Yoshida suggested this meant the lag had now become imperceptible
*The headset's screen is now 5.7in (14.5cm) - up from 5in before - and provides a 100-degree field of view, which should cover most of what the user sees
*The number of LEDs used to track head movement has been increased from six to nine. Sony says this will improve the stability of the 360-degree tracking provided by its separate PS4 camera
*A quick-release button has been added to make it easier for users to remove the headset

I'm looking forward to this. As long as they can make the price reasonable and they get a good amount of developer support, I think this will be a success. It also may help that HTC is releasing the Vive which isn't necessarily a direct competitor since it works with Steam, but may generate some extra interest that would bleed over to the Morpheus.