Sony announced that the Project Morpheus virtual reality headset is indeed a real product coming to retail, and we can expect a release in the first half of 2016.

The prototype showed at GDC 2015 includes a number of impressive advances from the first-generation model showed last year, and we'll soon get a chance to play four brand-new demos that take advantage of the new hardware and features.

It was also announced that the PlayStation 4 was designed to offer developers the option of outputting at 120 frames-per-second, a major selling point in the now-competitive world of virtual reality hardware.

We'll have hands-on with the device in the coming hours.