Judging by the cautious applause the audience is rather unimpressed. I guess some things have to be experienced in person and not just being told about.
i am super excited. yesterday reminded me of when i 1st saw the crescent bay & crystal cove headsets.
As for timeline..... i dunno but imo 5 years from 2016 seems a little far off to me (2021).
1) the next rift will need to have these features now otherwise people will be dissapointed. imo they would not have showed a HMD with more features than one that they plan to launch in (maybe) 12 months. that would just not make sense commercially imo.
2) 2021.... with the vive pro and the pimax (not really) 8K, oculus could not afford to keep with their current hardware for another 3 years... and that is ignoring what other headsets are out there.
3) Oculus have shown their hand...... unless they are planning on a concordski and trying to send their rivals down a dead end path (highly unlikely) you do not show off your development tech, then sit on it for 3 years giving other folk time to copy and improve on it.
my money is on a more official announcment of CV2 at oculus connect with a launch some time H1 next year.... maybe even sooner.
4) going back to my 1st line.... historically when oculus have demonstrated a new prototype (ie crescent bay and crystal cove) it actually has been pretty close to nailed on final specs.