I read hundreds of online reviews before purchasing PSVR. I had some reservations because of the negative reviews regarding the graphics, but I decided to go ahead and buy it anyway.
I've played it at least five hours today, and I can understand why some have complained about the graphics, but those people are being too critical. The graphics aren't bad at all. Most of my time has been spent playing Skyrim. Graphically, it's on par with the PS3/360 version. That may not seem very impressive, but being in Skyrim completely makes up for the lack of fidelity. There is some blurriness and lack of detail. The draw distance suffers also, but I would say that's on par with the last gen systems also.
Most of the people who write the negative reviews, have unrealistic expectations of current gen VR. For what it accomplishes, it's an unbelievable technology. I've dreamed of experiencing this level of immersion since I was a child. I'm now 35 years old and I feel like the future if gaming is finally here. This isn't a novelty, it's the inevitable progression towards something more than a flat lifeless screen.
There are some negatives, but, in my mind, they aren't severe enough to lower my rating to anything less than 5 stars. A few of the negatives are: Slightly blurry graphics, blur in peripheral vision while using cinematic mode, the move controllers do not allow for natural movement, and the move controllers do not allow for enough interaction with the environment. Most of my complaints have to do with the move controllers and limitations of the PS camera. Considering this tech was adapted to the PS4, it's understandable and an incredible achievement. They made the most with the technology they had, and what they created is nothing short of amazing.
A lot of people have mentioned that they experienced motion sickness, but I have yet to experience it myself. I played some demos, watched some movies, and I spent 3 hours playing Skyrim with the smooth movement option enabled. I played with both the move controllers and the dual shock. The movement is obviously smoother with the dual shock, but the Moves allow for much more interaction. I'd never used the Moves before playing in VR. They take a little time to become accustomed to. After an hour or so I had a pretty good grasp on them.
As long as I can stomach it, I know I'll be investing many hours in Skyrim VR. My next purchases will be RE7 Biohazard and Doom VFR. I can't wait to try more games and I can't wait to see what comes out in 2018. The technology is relatively new, and games take time to develope. With time, I'm sure we'll see many more high quality games being released.
If you're expecting high res graphics, you're going to be disappointed. If you're looking for an entirely different way to experience gaming, then buy this bundle right tf now!
Just imagine what this technology will look like in 5 years on next generation consoles!
*Update*
I've owned my PSVR for about two weeks now. I stand by my original review, but I've had a couple of issues since then. One being that I have had an ongoing problem with the cinematic mode. While in cinematic mode, the simulated screen is slightly off center. Holding the recenter button does not correct this problem. I've also tried the other troubleshooting fixes, including rebooting the PS4 and placing the headset on a level surface while powered on. I used a level and tape measure to ensure that my camera is not at an angle or off center. I've read many online comments that state that this is an issue caused by the recent software update. Whatever the cause, it's really annoying. The problem also carries over to game content where the HUD and character is also off center and slanted slightly.
My other issue is with the lenses. I wipe them off regularly and I store my headset on a charging stand, but somehow a piece of lint/dust has somehow found its way into the headset. At first I thought it was on the outside of the lens, but after wiping of the lens, I discovered that it is in the interior. I really don't know how to fix this issue without dismantling the headset, which is something that I don't feel comfortable doing.

PSVR is great for a lot of reasons: price, quality of games, along with a massive lineup of games due out this year exclusively for PlayStation.
You also get a free PSVR game every month with your PS Plus subscription; I downloaded Rush of Blood for free in October before I even owned a PSVR. Awesome game btw.

What I also like about the PSVR as opposed to other VR setups is that you can have friends over to play in your living room. Plus, everyone sees what you're seeing through the VR on the TV. It's a riot!! Which opens the door for some cool interactive "party" games to play with friends!! You can't do that as easily if you're VR is hooked up to your PC.

Setup for the PSVR is simple af too

My recommendations for games to buy first:

1. SPARC - This is a fantastic VR Sports game. First of it's kind too, I think. You get to play against opponents from all over the world. It's like tennis and racket ball mixed inside the movie TRON. Sounds weird, but it's best VR gaming experience I've had thus far. Get ready to get sweaty.

2. EVE: Valkyrie Warzone - If you wanna fly around in spaceships and have some intense dogfights with your friends online. The buck stops here. Check out the demo for free before buying. I loved but it might be too much for some.

3. RESIDENT EVIL 7 - Let me start by saying this IS THE BEST VR GAME out. It's so well crafted and finely polished for VR. You're gonna be absolutely terrified playing it. I found myself totally immersed, clutching my controller, carefully peaking around corners, and listening to anything creeping up behind me. Fantastic experience, a must buy in my opinion. If you don't like your copy of Skyrim that came with the bundle (I know I didn't) go trade it into GameStop for Resident Evil 7.

4.Thumper - This game is hard to describe.. Race, rhythm, terrifyingly beautiful acid trip, visually stunning. Once you get sucked in, you won't be able to blink.

5. STATIK - If like puzzle games, look no further. You'll be scratching your head playing this one, I can assure you. Very challenging.

6. SUPERHOT - A brilliant puzzle game using Matrix style slow-mo action that makes you think about your moves very carefully as the game progresses.

7. Until Dawn: Rush of Blood - Know someone who's gets scared easily? Invite them over and throw them into the deep end. I laughed hysterically at my friends playing this one. A cheap thrill but quality fun! Guaranteed to scare the crap out of everyone. A rollercoaster ride from hell!!

Skyrim VR is cool but it doesn't work as well as I would have hoped. Really choppy for me, which gave me motion sickness. It's a vast game, certainly the largest VR world to date but I just couldn't enjoy navigating the world with out feeling sick. I'm sure others really enjoyed this game but it's not for me.

Hope this review was helpful.

VR headset is amazing for the price. Resolution is pretty low, but all VR headsets are now. Movement is rock-steady and immediate.
Unfortunately, I can't use it for more than 30 minutes at a time before I start feeling nauseated.

Skyrim is pretty good, but I don't think it makes the best use of VR. Also, there are times when it is very confusing, since you can't see the controller buttons. When you name your character, the best thing to do is pick up the dual-shock controller. Other games show a VR representation of the controller ans sometimes even identify what the buttons do.

Overall it is impressive. But what's most impressive is how amazing all this will be when developers figure out how best to use VR in a game and when the resolution and field of view increase to the point that it is immersive and detailed.

I recommend Battlezone as a game that uses VR well and helps guide you through the gameplay.

I am a hardcore Skyrim fan. I've played through at least 20 times. And each time I find something new to spark my imagination. I saw the preview for this and almost had a heart attack from the sheer joy. Now I didn't own a ps4 at the time, but I just knew I had to get it. So I pulled the trigger. At first I was thinking, "Oh man. Did I make a mistake. Is it worth $500+?"
But then it arrived. I have no regrets. The first time you're riding down the road to Helgen with Ralaf, Hadvar, Ulfric, and the house thief wimp, you feel like your actually in Tamriel.
But there are some slight issues. The first hour or two of play are nausea filled to the max. That is with the direct movement. I tried the teleportation, but it broke immersion and made battling almost impossible. But after an hour or two it went away. I haven't had any issues since. The other is the graphics. I didn't get the PS4 Pro, so I wasn't expecting too great of graphics. It is comparable to the graphics of the original game. No more, no less. It really doesn't phase me, but for somebody who is annoyed easily with bad graphics, you may want to consider your options a bit more.
Now for the positives. (I'll just list my very favorites, or this paragraph will be long enough to write a book with.) First off, the sense of scale. The first time you behold Windhelm is enough to bring a year to your eye. And I was riding down a road on my Trusty horse, and I passed a giant. I actually got kind of scared because its still a good 5 feet taller than you, and your on the back of a giant horse. Next is the loading times. In the original game, loading times would feel like waiting for water to boil. In this new one, your won't be on a loading screen for more than 20 seconds. Lastly, all the little things you never would have done become one of the best parts. I could sit for hours in the Winking Skeever, just enjoying the atmosphere. And I rarely ever fast travel. Riding on horse back has become almost as fun as fighting a dragon or a Draugr Deathlord.
I'm finished. I know it was a long paragraph, but honestly, I have had zero regrets since the day I started. If you don't get this game, then your probably a mean old lady at an orphanage, and regardless, you should be treated as such. Go Stormcloaks!!!

I am a 62 yr. old female, total blindness in right eye, cataract in left eye and history of chronic migraines. I decided to purchase this system because I love playing Skyrim and wanted to try it in an immersive environment. Package arrived today. It was fairly easy to set up. If you take your time and go step by step it is a no brainer. I set camera on top of TV but decided to move it lower because I was sitting more than standing to play. When the game started and I was sitting in the wagon with the other prisoners, looking into their eyes as they spoke it was just amazing. When I was on the ground waiting for my head to be lopped off and the dragon swooped down, even more amazing. And when I ran up the tower stairs and the dragon's fire breath came through the window, I knew I had to agree with everyone who said that VR Skyrim is an entirely different play experience, even though the game itself is the same. I haven't tried the Move controller yet, but they charged easily. The headset is very comfortable and I wear big framed glasses (funky), it fit over them nicely. Graphics are not the best, but I am one eyed with cataract and glasses so for me not the best is my norm, didn't bother me at all. After 40 minutes into the game I started to feel nauseous but was able to play until I reached Skyrim, about an hour total play time. When I removed the headset and sat back to relax, the nausea worsened and I have a dull headache, but no dizziness and really not much more than a mild case of car sickness. It is already resolving itself. I think it is worth the discomfort I will probably experience the first few times I play to be able to immerse myself into the Skyrim and other game environments. Especially looking forward to Paranormal Activity. If you are thinking about making the purchase, I would encourage you to do so. If you have made the purchase and are experiencing side effects, give it a little time to resolve itself. And if the negative reviews re: graphics is causing you some hesitation, all I can honestly say is not to make that a deciding factor. Even with my visual limitations, the graphics were okay enough to provide a good playing experience. I am glad I made the purchase.