Lighting, textures, transparency, and many of the effects that make things look good in modern games, at the resolution and framerate required for smooth VR, can't currently be done on a $400 headset.
At least in terms of the cartoonish graphics, it seems to me like a case of "fast, cheap, good, pick two".
[1] https://chipguider.com/?gpu=adreno-650-645-mhz
[2] https://www.tomshardware.com/reviews/nvidia-geforce-rtx-3090...