Greg and Colin in the KIndaFunny stream yesterday were pretty negativ about Morpheus. They thought its pretty much dead because Sony didn't give it much attention at the show.
Greg at one point said he wished that they had announced that every game they showed so far will be playable on Morpheus, too. They also thought Microsoft is able to compete with Morpheus because of their deal with Oculus.
This shows how little people understand what VR actually is.
It should be obvious that you can show of Morpheus on stage. VR banks on the fact that its so awesome that the few people who actually tried it spread the word and people try it at their friends house and are immediately convinced.
I don't know whether or not VR is really going to be that awesome that this approach works, but thats the way Sony, Valve and Oculus are doing it. We won't see stage shows where they us VR trailers. It just doesn't work that way.
Another common mistake is that people think you can just port normal games over to VR.Thats not how its done. VR is a completely different from normal gaming on a screen or gaming on a 3D screen. We need different inputs, different gameplay mechanics, different movement and camera, different leveldesign and different etc.
Sure there will be some ports, but they will all feel weird. The games developed exclusively for VR are where its at.
And last but not least: the Microsoft-Oculus partnershit has nothing to do with the VR everybody is talking about.
VR is about putting you IN the game world. Oculus on Xbox will just put you in a virtual room where you play your usual games on a virtual screen.
This has nothing to do with what Sony is trying do with Morpheus.