Well, good news, it's not 1984 anymore and we can have both nowadays !
Bad news, Fdev doesn't seem to know how to do it.
someone (or likely a few) that worked for them was able to do it in 2015 and later with horizons - laying the foundation for everything that's been done up until odyssey. They managed to make a game that was fast and was visually high end for it's time. It definitely made impressions in VR.
So maybe not that they dont know how to do it. It's that maybe they dont have people now who know how to do it.