It could just be the programmers who made whatever you've tried don't know very much about texturing. Most of the AAA games I've tried in VR have not had text that was even remotely readable, and it was all because it was rendered too small.
The Gear VR has a fairly decent GPU. The move to mobile was more about discarding legacy fixed-function pipeline techniques and more directly optimizing for shaders. The main factor limiting texture-fill is GPU RAM. But most devices have more than enough RAM to be able to render text well.
VR is a realism multiplier. Traditional 3D graphics techniques are realism fakers. You shouldn't apply many traditional graphics techniques, because they have perspective-dependent artifacts that are subtle to impossible to notice in mono still images but glaring in stereo motion. So I think it's folly to apply too much effort on things like displacement shaders or stereo textures. These sort of things both A) cost a lot of time, and B) look terrible in an unrestricted stereo view. There's even new research to suggest one's general hormonal balance can have a huge impact in whether or not these miscues are going to cause simulator sickness in a user. You could literally be alienating half of your potential users along gender lines.
In the face of that, I think it makes more sense to stick to simpler techniques that respect the Hippocratic Oath: first, do no harm. We've been able to write some 3D games that run at 150fps for over a decade now. But there is no 150hz display to pair it with. V-sync is probably the most important issue, followed closely by running at native resolution (so for a given GPU, a lower resolution screen might actually be better, because it will be easier to hit the full refresh rate at the native resolution) and clean, consistent antialiasing. It wouldn't be a problem if both eyes were rendered identically, but having the dual eyes highlights any visual artifacts that appear. Match those three issues and the realism of the content doesn't matter, it could be flat-color, Phong-shaded cubes and you'll have a great VR experience. Miss any of them and even high-end games like Elite: Dangerous that are gorgeous on 2D will look like complete garbage.
VR has completely inverted the priorities of graphics programmers. Because of this, I think the primary VR innovation is going to come from indie developers, because most established companies can't switch their focus away from their 2D-display oriented consumer base. The Call of Duty series has sold over 175 million units. Assume nearly $40 a pop, that makes over $7 billion. You're not going to see VR getting anywhere near that for a few years still, and companies like Activision and EA aren't going to chase after such small potatoes in anyway other than just PR.