I've included a couple of articles below, have a read and get back to me if you think VR will still fail.
Yup.
Where "fail" is that games companies will waste a huge amount of money chasing it, misunderstanding what it is for: it has great promise for the near future as a hobbyist device for experience-based entertainments.
But for it it to take the next step to being able to make anything LIKE the money being invested in it for games it will take years and years. And YEARS.