Microsoft has fired their entire AR and VR programs
(archive.ph)
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not surprising in the least. VR is a gimmick that is great for hobbyists and coomers, but was never going to see wide adoption. AR is just a meme straight out.
I think VR and AR are still good, it's just the people designing stuff for them are terrible.
As someone who used VR quite a bit in the past and got a little annoyed with the headsets, I think you'd see a lot more adoption among casuals when we get to simple lightweight VR "glasses", instead of goggles. It's kind of a hot take among designers because most people claim you need to completely close off the periphery to achieve immersion. I don't think that's necessary for many use cases, and our eyes have an amazing ability to ignore the periphery when we're focused on something. The more hardcore users would buy full vision headsets.
Still, it will ALWAYS be a niche peripheral like HDR monitors and joysticks. That's its success state.
At the very least they should look like steampunk goggles. With the pancake designs coming out that looks possible.