Between the massive price tag, the silly pass-trhough cameras, and not being able to view porn easily I'm really not clear who they're trying to sell too.
Driving/racing Sims are legitimately extremely fun and immersive in VR. If you have a full setup, they are kinda mindblowing. I used to do some iracing and I had a vr headset hooked up with a basic rig. Formula vee racing... I can't describe it. So much fun
Theres this app on Oculus/Meta called Bigscreen that lets you watch movies and TV shows for free in a virtual theater, hosted by people streaming them from their computers. I guess it, for the time being, is perfectly legal to do because it's essentially no different from showing a movie at your place.
A buddy of mine used to do this. He'd host a public room and have polls to let viewers decide what to watch next. He streamed movies from his giant hard drive.
They're getting there. There's some "Beyond" VR set built by hackers to be the best image possible and it's tiny and barely weighs anything. The tech is improving by leaps and bounds year by year.