It’s just like the Quest 2.

It supports some small limited library of games without a PC, but can be used for PCVR for streaming VR experiences over WiFi, exactly like the Quest 2. I have never personally touched any of the on-headset apps on the Quest 2 and have only ever used it as a PCVR headset because it’s so cheap compared to the Index etc., and am also looking for an upgrade to the Steam Frame, for PCVR exclusive use.