The Oculus acquisition by Facebook is possibly the worst thing that could have happened to VR. With the Rift, Oculus had the opportunity to chart a brand new low cost platform accessible to millions, and be the next IBM/Microsoft/Apple/etc of their day. They had everything going on for them: a founder who knows the field by heart, which allowed him to act the moment he saw the curves of "state of the art" and "realistic potential for a consumer product" intersect. A lucrative vertical (gaming) in which to get their v1 out. Industry titans believing in and joining the company.
I don't know about you, but this reminds me of things like the Macintosh: the potential for brand new applications (with VR, "computer assisted design" takes on a whole new meaning). The potential to reach brand new audiences, and to make existing audiences experience thing they could have never experienced on traditional 2D screens.
But they went the acquisition route. Now they're owned by Facebook, which means that everything they do has to go through all the motions that a large company has. They can't do anything really risky, they can't say "fuck you" to the status quo (because Facebook is the status quo). What are we going to see from Oculus? Locked-in app stores. Social networking bullcrap à la second life (pro tip: we've been trying to make "social VR" a thing since the very first days of the internet, and it's always failed. The Palace (1995), Second Life (2003), etc. Every 10 years, like clockwork, someone tries it again and miserably fails. It makes for great science fiction -presumably why people are so intent on trying to make them happen in the first place- but in reality, it just doesn't work out.
What will we see from Oculus? Most likely nothing ever really revolutionary. As far as gaming goes, we'll probably see half-assed VR from Microsoft and Sony.
But as far as truly disruptive uses of VR goes? Well, it certainly won't be Oculus. Maybe someone else will pick up the torch where Palmer Luckey dropped it, but it seems like the window of opportunity has closed.