I'd like to believe that's true, but has any meaningful progress been made?
VR games seemed to have plateaued in novel immersive experiences - people show off their Oculuses and Vives with the same tech demos.
The Meta VR presentations are embarassingly primitive, marginally better than Second Life from 2 decades ago.
The AR demos I see on Android and iOS (measuring the length table; having a dog run around on top of it) have not improved in fidelity in 3-4 years.
I think what Microsoft is doing with Hololens for the industrial sector is VERY cool, and is a meaningfully significant branch: Having a mechanic receive plans remotely and projected on top of an engine or a door and get overlaid instructions for repair is going to be either revolutionary or a dystopian collapse of skilled trades as every company decides to replace training and high paying trade jobs with Hololenses and remote experts. I'm cynical, but at least it's going somewhere impactful.
But what's happening on the consumer side? Facebook's vision is nauseating. Snapchat, Google, and Apple have gone totally quiet. I assume they're in stealth mode waiting to unleash something and blow our minds? That would be pretty great I suppose.