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Wow what's better? As an Oculus owner I dismissed the 2 as just aesthetic. Can it run Alyx natively? On the Oculus 1 it requires a PC and cable.

Sorry, I should have been more clear about Alyx - in both situations I'm running Alyx on a PC, and using the headset tethered.

That being said, Quest 2 uses a USB-C cable that is quite a bit lighter and easier to manage than the Oculus' HDMI cable.

You can use it untethered too, I haven't had any issues at all with it.

No but streaming services specially for VR are starting up already.