VR is still in its toddling stages: we know what it’s supposed to do, but it’s clunky and cumbersome. These aren’t fundamental limits. The first cell phones were clunky and cumbersome, too, but now they’re an omnipresent extension of most humans.

Media will continue to get more immersive; the question is of whether it’s headset-based VR, or if that technology gets leapfrogged by something like direct nerve stimulation.