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For those that have the first dev kit, how appropriate is this for a curious engineer who wants to play with Alpha titles? It is hard for me to imagine a scenario where I would actually have the time to develop something, but man, playing with it seems well worth $350.

Am I going to be disappointed in what is available?

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I think you'll find a large proportion of people who have ordered the dev kit have done so just for a taste of what's to come. And I'm sure OculusVR don't mind at all because the sales generate additional revenue and PR without all of the responsibility that comes with shipping a consumer product.

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