A prototype is reportedly in the hands of some third-party developers. These sources have described the VR headset as being superior to earlier versions of its main competition, the Oculus Rift, which isn't saying much -- Oculus VR itself has made advancements with its newer models.
Regardless, having multiple companies invested in making this whole virtual reality thing finally pan out -- whether it be Sony, or Oculus, or Valve -- is good for the field. As far as this supposed GDC reveal goes, however, it sounds like there's not much in the way of software yet. You don't say...
Final Fantasy creator Hironobu Sakaguchi to receive GDCA Lifetime Achievement Award
1:00 PM on 02.03.2015