I hope to see a symbiotic relationship between the AAAs and the Indies. The AAAs push the hardware industry forward, take fewer chances, drive interest in gaming to the masses and take cues from Indies who are able to experiment a bit more. Indies benefit from better second tier hardware becoming cheaper, better dev kits, interest in gaming the AAAs create and a minuscule chance of mega success on a killer idea.

Having lived through light guns, NES robots, 3d glasses, virtual gloves, wireless location aware controllers and all sorts of other things, I think VR will have an impact in a lot of things, but maybe/maybe not gaming. Time will tell.