The hardware is pretty cutting edge, if you were to buy a gaming PC with similar specs it would cost you at least 50% more. With that said, gaming on PC is cheaper because there is a larger marketplace for PC games and often there are sales and it is pretty standard now for online stores like Steam to have a refund policy. Typically, I refund 9 out of every 10 games I buy from steam and only keep the ones I really like.
The console that blew my mind was the oculus quest 2 that released 1-2 months ago, the headset has it's own CPU/RAM/GPU/storage and can run games directly on the headset so it essentially is Facebook's console. I got the 64gb version from best buy for $400 CAD. You can also stream your PC VR games to the headset over wifi or run the game directly on the headset but the headset does not have the power of the gaming PC so the graphics do not look as good as streaming from a PC.
My Nvidia 1060 graphics card bought in 2016 can only drive the quest 2 at ~50% resolution, I have a 4k monitor and I have to play at 1080p. I am planning to pick up a new GPU in the $400 CAD range to replace my 1060.
