Oh you silly ;p
Wait... you are serious ? Give me some time to think about it
No I am 100% damned serious. Sure it could be wrong, but when you read the following below you will understand why I came to such a conclusion. They literally have the perfect storm here for a potentially big title to launch with the peripheral itself. Seeing in one of the videos from the GDC? I think it was, showing a guy hitting a wooden dummy is what set off the though right there, that yeah doing something in a fantasy setting is most def what would come out first and whats marketable on both sides now with the popularity behind From Software? Kings Field.
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A lot of things line up for the whole From + Sony bit for a morpheus supported title.
Popularity of the developer From Software w/ their dark fantasy "souls" series.
From Software + Sony have a working relationship.
From Software has in the past created the Kings Field series which was a first person dungeon crawler.
Morpheus gives players the ability to experience the game from the first person view which includes looking around and the use of arms with the move controllers.
From Software would not have to focus on making AAA graphics and such more if they can nail using the actual mechanics correctly with the VR experience and the use of both arms with the move controllers.
On the business side of things it makes for a highly strong marketing point to the core audience, which is where you would want a lot of initial sales to come from. As these are the folks who are willing to drop a bunch of cash on a product just for a single title alone.
By riding off the popularity of the "Souls" series the fact that From Software would have a "first person" dungeon crawler for the Morpheus would be reason alone for a lot of the people from the fanbase to pick up one just to check it out. Its marketable both in Japan and the West, with how there is a huge influx of new fans of From Software and in Japan there has always been a hardcore group following the company and have wanted a new Kings Field title for quite some time now.
On the side of From Software its a perfect chance for them to push out another IP (that already existed) and try to bring it to the levels of popularity of the Souls series, which can possibly be done if they provide a well done experience with the morpheus. If successful provides not only a solid game for Sony to market for the VR headset, but a new IP for from to build off of again. Also with all the experience gained from working on the Souls titles, there can be various things taken from that and included back into the Kings Field series itself. There is also valuable experience gained from working with the system, allowing From Software to strengthen their own development teams allowing for a larger repertoire of titles that can be produced in the future.
If this rumor is true, it means that Sony understands what the potential behind From Software is and most def internally someone put 1 + 1 together with looking at their past library. Everything lines up for a perfect project and would garner insane hype behind it for marketing.
The reason why Id say most likely it would be a Kings Field game as it would be easier to do first, with the more simple mechanics and nothing overly complex as with balancing such as for example the Shadow Tower series, where you have things like modern weapons thrown into the mix.