While good in theory, it just requires the average person to drop thousands on gear and a headset. That's not an attractive selling point at all to the average consumer.
The people that like this shit are only fooling themselves. While it does provide jobs, directions in tech, and it is cool to play with; it's a gimmick and showpony at the end of the day. I don't want to watch every movie and show in 3D, same feeling with every game.
Even if overtime, hardware becomes cheaper, most people will have moved on with their lives to give a shit about VR. Don't get me wrong, consoles and shit will continue to push it, it will seem like it picks up traction at some point but it's a dead meme as far as I'm concerned. Once Facebook bought out Occulus, most people I know stopped giving a shit, even with the LG and Vive.