Project Morpheus virtual reality hardware is nearing its completion, as Sony Worldwide Studios president Shuhei Yoshida told The Wall Street Journal that the company "finished 85 percent of the work needed to make the product available." Yoshida would not say when the headset would launch, nor would he comment on its price. He did add that a bulk of Project Morpheus' components are also found in smartphones, which would drive the device's price down.
Sony announced Project Morpheus at GDC in March as a VR headset that offers a 1080p display with a 90 degree field of view and full 360 degrees of head tracking. Sony will use Project Morpheus to compete for attention in the virtual reality space with Oculus VR, which was purchased by Facebook in March for $2 billion. Sony said Facebook sought out Project Morpheus before acquiring Oculus; Oculus CEO Brendan Iribe later noted in June that the company invited Sony to check out its Oculus Rift prototypes. We went heads-on with Project Morpheus at GDC and took its luge demo for a spin at E3 in June.