Why PlayStation VR will Fail

Since the launch of the Oculus Rift's Kickstarter campaign back in 2012, virtual reality has become a frequently discussed topic in the gaming industry, and it's seen by many as an imminent game-changer for the medium. And if the recent influx of competitors unveiled by Steam, Microsoft, and others says anything, it's that hardware developers see massive potential in the virtual reality business.

One of the first companies to jump on the VR bandwagon was Sony with Project Morpheus, now officially titled PlayStation VR. The prototype headset was first announced at GDC 2014, and has since been featured at almost every gaming convention attended by PlayStation. Though hands-on demos of the peripheral's capabilities have been generally well-received by consumers and the press alike, the future of VR still remains questionable. In fact, when considering PlayStation's lackluster marketing campaign in conjunction with possible hardware dependencies, PlayStation VR may very well be…