As someone who loves VR, I'm not sure at $500 who this headset is for.
If you want something cheap but decent, a Quest 2 is a better deal at $300. It'll give you a cordless, hassle-free, console-like experience as a standalone device if that's what you want, or, if you instead want to play graphically intense VR games, you can connect it to a gaming PC and use SteamVR (AirLink, Virtual Desktop, or a USB-C cable.)
If you want something high end with a really solid game library so far, the PSVR2 is much better than this at $550 (though requires a PS5.)
The Quest 2 had a promising start with several great games coming to it, but then Meta seemingly stopped funding new games and VR ports, and unfortunately SteamVR hasn't had a ton release recently either.
Sony, on the other hand, had an incredible starting library for the PSVR2 and plenty more AA and AAA games are releasing soon. Discoverability is also much better on PSVR2 — my friend with the headset has shown me many great games that actually are on the Quest and SteamVR, but I had never seen them before as there are so many more games on Steam and the Quest store (unfortunately most of which aren't good.) Not sure if Sony curates their store better or if it's just that not much shovelware has been made on it yet. In either case, great games exist on all 3 of those platforms, but they're easiest to discover on PSVR2.
As others have mentioned, Meta's resources would be better spent bringing games to their existing headset versus creating new ones. I do think that having a more powerful headset would allow more impressive experiences (as is the case with PSVR2), but people aren't going to keep buying their devices if only a handful of impressive games release on them.
Nintendo regularly releases underpowered hardware compared to the competition, but they make such great first-party games that they end up selling incredibly well despite their lackluster hardware. The Quest 2 sold very well, and I imagine that games like Resident Evil 4 VR probably convinced many people to buy it (I know at least one person who got it for that game.) The Quest Pro did not sell well, so I'm not sure why they think better hardware but with the same library will convince people to buy new headsets.
EDIT: I guess I should have done a bit more searching, as does seem like there are some potentially popular games coming out for the Quest still, such as Assassin's Creed Nexus VR and Attack on Titan VR: Unbreakable. Strange I haven't gotten any ads for it on YouTube, I saw tons of ads for Resident Evil 4 VR for the Quest 2 (as well as some of the Star Wars VR games.)