I think the simple answer is that they released an actual product after years of magical hype. The reality was a such a distant shadow that everyone stopped pay

I think the simple answer is that they released an actual product after years of magical hype. The reality was a such a distant shadow that everyone stopped paying attention. There are some companies researching micro led displays integrated into waveguides that have much better brightness, fov and size characterizes than anything MagicLeap has ever had. We could be seeing every day useable AR glasses in the next few years based on this tech.