Is it just me, or is there barely anything here that's not possible with existing Oculus headsets (or stuff that's about to be released, like eye tracking), for

Is it just me, or is there barely anything here that's not possible with existing Oculus headsets (or stuff that's about to be released, like eye tracking), for way less? Also the architecture of strapping a computer to your face instead of having a powerful desktop PC stream the screen wirelessly to your face seems like a bad call. Poor battery life, little power, and that wired battery pouch thing does not inspire confidence.