Oculus Quest
During the Oculus Connect 5 keynote earlier today, Oculus VR announced the Oculus Quest. The Oculus Quest is an "all-in-one VR gaming system" that allows players to experience six degrees of freedom, Touch controllers, and a price tag of $399 (USD).

Unlike the Oculus Rift, the Oculus Quest does not need to connect to a PC to operate. There are no sensors to hang up either. Instead, the Quest utilizes a technology that they're calling Oculus Insight.
We also unveiled Oculus Insight, our breakthrough technology that powers inside-out tracking, Guardian, and Touch controller tracking. This innovative system uses four ultra wide-angle sensors and computer vision algorithms to track your exact position in real time without any external sensors. Insight gives you a greater sense of immersion, presence, and mobility, plus the ability to go beyond room-scale. And we’ve brought over Guardian to help keep you safer while in VR. It’s easy to setup and experience whenever you want.

The Quest features per eye resolutions of 1600x1440, the ability to adjust lens spacing, and built-in audio that Oculus claims has better bass than the audio found on the Oculus Go. To compare, the Oculus Go features a resolution of 1280x1440 per eye and is far less feature filled compared to the Quest.

Quest will run courtesy of a SnapDragon 835 with 4GB of RAM. It will feature 64GB of built-in storage. It may be obvious to some but I will still note here that the Quest will not offer an identical visual experience compared to an Oculus Rift hooked up to a gaming PC.

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Not only that, but Oculus Quest will ship with the first episode of a new Star Wars game. It's called Vader Immortal: A Star Wars VR Series and features Darth Vader. And well, that's kind of all we know about that game right now. Besides Vader Immortal, Oculus Quest will ship with a library of over 50 titles.