For a long time Oculus VR had the whole virtual reality scene to itself with the Oculus Rift, but with Sony moving into that space with Project Morpheus, the market is about to get crowded. Regardless, neither Sony or Oculus VR seems all that competitive necessarily. Both seem complimentary of each other's tech, and are self aware enough to recognise that competition is pushing both products forward. With all that said — why not watch Palmer Luckey, the founder of Oculus VR, trying out Sony's Project Morpheus for the first time!
For reference, it looks as though he's playing The Castle, one of the early prototype games for the device. I've embedded the video below so you can get an idea of precisely what the hell Palmer is doing whilst wobbling his head and arms around.
I find it really refreshing how supportive Sony and Oculus are of each other's projects. Instead of a rivalry both seem almost glad of the other's existence, as though both are glad the other exists in order to re-affirm that VR is a thing that needs to happen. In a sense both justify each other's existence, so that's a positive thing. The fact that both companies are working on virtual reality tech will also result in — hopefully — developers making bigger bets on the new technology.
It's an exciting time to be alive!