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I haven't yet tried a modern VR system, but that's some crazy low latency. I know Mr Carmack is all about low latency :)

here is another low latency solution that also tracks rotation of the object: https://www.youtube.com/watch?v=p7IL0Gvux7U

the Ishikawa Watanabe Laboratory have some crazy low latency setups

that second demo has considerable lag