Oculus VR has revealed a new prototype version of its upcoming virtual reality (VR) head-mounted display (HMD), the Oculus Rift, which it says is ‘on the path to consumer VR’ and a ‘massive leap’ from DK2. The announcement was made by CEO Brendan Iribe at the Oculus Connect conference in Hollywood, California.

Higher resolution, higher refresh rate, full 360 degree tracking highlight the updates made here, which Iribe stressed was ‘much lighter’. Integrated audio is also a key feature, which remains options for now. According to the CEO, it allows users to ‘truly feel’ like they are in a world. The company has even licensed Real Space 3D’s audio technology. The device will be playable at Oculus Connect today with some ‘magical experience’. It sounds similar in concept to the ‘Crystal Cove’ prototype revealed at CES.

The reveal follows over two years of waiting for VR fans, which consisted of two developments kits (DK1 and DK2), partnerships with Samsung, high-profile acquisitions and been purchased by Facebook.

Iribe spent much of his keynote speaking on the journey Oculus VR has made so far, talking about both his and VP of Product Nate Mitchell’s first meeting with Oculus Rift creator Palmer Luckey and, days later, their first experience with the device itself. He went on to talk about how the VR community was essentially a team working together to make the technology a reality and even tipped his hat to Half-Life developer Valve’s work with the technology. In his own words, the rest of the story is in developer’s own hands.