The Oculus Rift just gave me a boner

So, the Oculus Rift, a new piece of technology which has seen more light recently, if you are unfamiliar with it, a video displaying it is below.

As is said in the video, this is probably just the beginning, and that makes me so excited.
I actually think the above demo is pretty sloppy and only really displays the basics, but imagine when the tech improves. When/If the rift becomes wireless for example, combined with a wireless separate hand control – this would let you fully properly move around the world, with the rift essentially replacing right analogue stick and the left controller analogue stick being in your left hand, you would be able to properly turn around on the spot to move.
Combine that with a PS move controller or something on your right hand and give your character a sword…. holy shit. Granted you would almost definitely break stuff in your room, but it would be so damn worth it.

In particular this seems like something which would be super awesome for RPGs or MMOs or stuff with massive detailed worlds, for example imagine being able to explore Azeroth/Tyria from a first person point of view. Or a lot of people have been talking about the possibility of sword art online becoming a reality, and sure, why not – as long as you can move and control a sword accurately, along with perhaps a 5.1 headset with microphone, anything could be possible – a fully immersive game viewed from a character point of view, with surround sound hearing and the ability to talk to other players? The future is bright indeed – Maybe i’ll set aside £1k in a bank account and just name it the VR fund.