As a launch day index owner with thousands of hours in VR, the index is solid but outclassed by anything modern. The resolution and fresnel lenses alone, not to mention the bulky weight. On the quest side, there are plenty of people who would happily choose an equally specced quest 3 without the quest/meta software.

I’m sure plenty of budget conscious people will be happy staying with their index or quest, but I don’t think it’ll universally be a hard sell. And for anyone who doesn’t already have a quest or index, the frame slides perfectly into the premium / quest 3 to pro budget segment of the market.