>Yea… nothing I’ve seen from them is compelling.
From Meta or from SimulaVR?
Because Meta has been selling one of the best VR Headsets for the money thus far. I'd really recommend checking out their VR Headsets announcement [1]. Maybe VR will never actually go anywhere software-wise, but it's clear that the team at Meta has a good understand of the problems of current headsets and what would be necessary to make a generational leap in immersiveness.
I'm certain there will be markets for it.
>My bet is Mark is going to burn a LOT of money, fail to get mass adoption, cancel the project, and lay the design team off.
I don't think they're going to cancel it. It's very much a hail marry here. The Facebook phone was a massive flop and the cumulative result of failing to have their own hardware platform was Apple killing their mobile ads business. I think Meta will do everything in it's power to own it's own hardware so that whatever their business model is, no competitor could just kill it with a flip of a switch.
[1]: https://www.youtube.com/watch?v=IMpWH6vDZ8E