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Sony just announced that their PlayStation VR hardware will debut this October for $399 (USD; 399 Euros; 349 GBP). The device includes an OLED 5.7" OLED display with 960x1080 resolution per eye. The field of view is set to roughly 100 degrees with less than 18ms response time. The refresh rates can be either 90Hz or 120Hz and it will support the obvious VR hardware staples such as 360 degree head tracking made more precise by nine LEDs (needs the camera).

This does not include a camera nor Move controllers. Those are still going to be sold separately to keep the cost down.

Sony will giving out PlayRoom VR for free. The hardware includes (picture above courtesy of The Verge) shows the content included in the PlayStation VR package. This includes the headset, earbuds, the additional hardware box, and various cables.

For those who plan on picking up PlayStation VR, it should be noted that PSVR will have its own cinematic mode. This means that you will be able to play your non-VR PS4 titles while still wearing the headset. It won't turn those games into VR experiences. Instead, it will just "project" those games in front of you as if you were looking at a normal monitor or television.