Or, to be more specific, he doesn't think it fits in with his idea of what Nintendo should be doing in the video game space.
In an interview with Time Magazine, he explained his views.
"When you think about what virtual reality is," Miyamoto said, "which is one person putting on some goggles and playing by themselves kind of over in a corner, or maybe they go into a separate room and they spend all their time alone playing in that virtual reality, that’s in direct contrast with what it is we’re trying to achieve with Wii U. And so I have a little bit of uneasiness with whether or not that’s the best way for people to play."
Earlier this week, Miyamoto was photographed trying out the latest version of the Oculus Rift, which led many to wonder what a Nintendo VR game would look like. What would Miyamoto do with VR? The answer I suppose, is nothing!
Of course Nintendo has been burned with VR technology in the past with Virtual Boy, so you can understand Miyamoto's reservations. That being said, I see Virtual Reality as something that can work as a social experience — particularly in the future, when the tech is cheaper, portable and ubiquitous.