“With the annual Game Developers Conference in full swing, I’m pleased to give you an exciting update on PlayStation VR. Today, we are announcing that the PlayStation VR headset will launch in October of this year for a suggested retail price of USD $399 (Rs 27,000 approx). “, reads the PlayStation blog.The much awaited VR headset finally made an appearance at a giant gaming event in San Francisco with some exciting news in store. The PlayStation VR has a 5.7-inch OLED screen, 1920 x 1080 resolution split across both eyes, and nine LEDs that let the PlayStation Camera know where people are in the room, even if they’re turned away from the console. It has a 100-degree field of view and will be compatible with the DualShock 4 and PS Move controllers. Speaking of compatibility, unfortunately, PS3 owners won’t be able to take advantage of the Playstation VR.What’s exciting is the price of the Playstation VR as compared to its competitors. The Oculus Rift VR and the HTC Vive will be available for $599 and $799, respectively, whereas the PS VR stands at a cozy $399. PlayStation gamers will save extra bucks as the PlayStation VR will draw its power and games from the PS4 itself. On the other hand, the Oculus RIft and the HTC Vive require muscular computers with a high-end graphic card.The Playstation VR box will include a processing box to enable PlayStation display images onto a connected television. It will also have a bunch of cables to power the headset and processing box and pair of earbuds.Even though the PS VR might not be the most heavily spec’d or the best VR headset out there but if there’s one thing for certain, it’s the game line-up PlayStation has to offer. A good 230 developers are currently working on games for the VR. Out of the 160 titles under development, according to Sony, one can expect 50 games to launch between the two months of October and December this year!Apart from gaming, PS VR owners can also immerse themselves into 360° videos and pictures which will make them feel as if they are physically present inside the scene. If you get bored of the virtual reality stuff you can also watch movies and play standard PS4 games.So with all it has in its bag, the PS VR is surely an attractive option for the price. What gives it an edge over the other headsets out there is PlayStation’s name being synonymous to games. What do you think about the newest guy on the block? Will you give it a shot when it launches in October’16?