To the remark that hardware isn't there yet, I would add that there is also one aspect of VR that reveals itself only during everyday use - VR is possessive, demanding all of your attention. For example, I no longer watch movies in VR because I don't want to give it 100% of my attention. I want to sit comfortably, eat, drink, check my smartphone from time to time, make comments to my spouse.

VR isolates me completely and I don't want to isolate myself for hours. For this reason, I think VR will never be super popular. Contrary to that, AR will be used by almost everyone because I believe one day it will replace smartphones.