I workout with VR daily 1-2 hours. Most of the time it doesn't even feel like heavy cardio because all I'm doing is playing games dodging bullets and swinging swords. There are even VR games for stationary bikes (https://virzoom.com/ & https://www.holodia.com).

VR is more accessible, more flexible, offers a lot more variety, all for a much lower price than Peloton and other similar offerings.