In terms of pure technology there has been a crazy amount of incremental progress in the area. We have gone from the first kickstarter for Oculus (when VR was just a sci-fi dream) to the release of Quest Pro and games like Half-Life: Alyx in under a decade.

Of course shareholders really want to count actual monetary returns as progress, and it's the job of the CEO to decide whether prioritizing short term gains is actually in the best interests of the company or not.