People will overlook resolution issues if the added value is good enough (3d and motion sensing).
I'm more concerned about the cable, which significantly limits the movement thus control.
PS4 one supposedly has 3d positioning, and since hmds are basically fixed size displays, virtual reality can be very interesting. e.g. proper screen positioning of virtual objects based on real life placeholders (controller, gun, move). You can basically move the object you are holding in virtual world correctly with your physical hand.