Honestly, I am dismayed by the negative reactions. Even if facebook fails at this, they will produce huge technical innovation. This is an expensive space, you need a big player willing to spend 10-20 billion on it. You need the technical resources and data. The end result will be a ton of open source and new know how in AR/VR. What a blessing!
And while the original Oculus shows you what promise there is from a hacker in the garage, the Quest 2 shows you what can be done when significant capital is invested in development.
I bought a Quest for my little brother across the country, and hanging out in VR is pretty cool. I can definitely believe there's something here. I don't know if Meta will actually end up being the platform in the future, but I certainly think there will be a platform, it will be good in a lot of ways, and because of this frankly audacious move by Meta we'll be getting there sooner.