To prove its shared commitment with Oculus to making virtual reality a truly mass-market product, the new Gear VR will work with all of Samsung's 2015 flagship phones. That means if you've recently upgraded to a Samsung Note 5, Galaxy S6, Galaxy S6 Edge or Galaxy S6 Edge +, you now have a compatible device.

The hardware's now been made 22 percent lighter, which Koo said makes it more comfortable to wear for extended periods of time. And the side touchpad has also gotten a revised design, though Koo didn't elaborate much on its changes.

We'll have a chance to demo the new Gear VR later today, so stay tuned for impressions. For now, though, you can look forward to joining the company's push into mobile VR this November.