Sony’s PlayStation Portal gives a confusing first impression
The PlayStation Portal is a perplexing single-purpose device.
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Can I plug the new vr into it so I can get rid of the gosh-darn wire?
Doubt it. The bandwidth needed for VR is pretty high and when people do wireless PCVR setups, the rule of thumb is setting up a nearby fast WiFi 5 router just for the VR connection.