Shuhei Yoshida, President of Worldwide Studios for Sony Computer Entertainment stated that approximately 85% of the work needed to release Project Morpheus has been completed. According to the Sony Worldwide President, the goal is to draw in not only people that play games, but non-video game players as well.
Yoshida noted that a lot of the hardware used inside Morpheus can also be found in smartphones, which could result in a lower price.
For some perspective, the Oculus Rift Dev Kit 2 is currently priced at $350. Oculus’ founders Palmet Luckey and Nate Mitchell have said in the past that they’re aiming for the $200-$400 range when the consumer model launchers, though nothing is certain at this point.