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It looks like 2016 is going to be a big year for the virtual reality arena, with contenders like Oculus and Sony finally bringing their headsets to market. Oculus has already confirmed that the consumer version of its Rift VR headset is going to be released in the first quarter of 2016. According to a new report, Sony’s Project Morpheus will come out in the first half of 2016, and it will cost “several hundred dollars” when it’s ultimately released.

Sony is likely going to make this announcement at its E3 2015 press conference later today, but Wired has gone ahead and revealed these details about the Project Morpheus VR headset.

The report says that Sony is going to show off the VR headset in detail during its press conference, running at least 20 games and experiences, and perhaps also revealing the exact price when is vaguely mentioned in the “several hundred dollars” range in the report.

Sony’s VR headset isn’t really going to have a clear playing field when it arrives next year. Oculus will probably have released Rift before it launches Morpheus, and then there’s Valve with the Vive headset that it has developed with HTC. Not to mention the plethora of VR headsets from companies like Samsung and LG, and even Chinese companies that are quickly developing cheap headsets.

Project Morpheus will have to go up against all of this when it arrives in the first half of 2016, Sony will obviously try to set it apart based on content and VR experiences, but it remains to be seen if the headset gains any traction with consumers at all.

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