Oculus Chief Architect Atman Binstock said earlier in May that these specs will apply to the lifespan of the Rift and that the price of such a powerful rig should drop over time. Iribe echoed that idea today, noting that he'd like to see the total price dip below $1,000. Previous Rift development kits -- that's just the headset, no PC -- have been priced around $350.

Now we have two ballpark figures for the Oculus Rift: A vague "Q1 2016" release window and an even more nebulous "$1,500 or cheaper" price point. One day we'll get a straight answer out of you, Oculus. One day.