It's a bit late in the game, but in other respects the timing is good. Finally, a day after Facebook acquired Oculus Rift, Sony has made its conference reveal of Project Morpheus available to watch on YouTube. So if you feel like spending an hour of your day watching someone reveal something that's already been revealed, knock yourself out!
But in all seriousness, it is worth the watch, mainly for the details. As someone who is super interested in Virtual Reality and where it's headed, I'll probably watch the whole thing from start to finish like a sucker, but a quick fast-forwarded watch would probably also be worthwhile.