Is Virtual Reality finally gaining the foothold it so desperately wants/needs?

Virtual Reality has long been the End All of multimedia interactivity; The culmination of software and hardware technology that would make the user feel like they are really experiencing a movie or game.  In fact, VR has been sought and studied as early as the 1950s. In 1957,  Filmmaker Morton Heilig invented the Senosrama. The device was intended to enhance the enjoyment of moviegoers by allowing them to experience various sensations that included, but were not limited to smell, vibrations, and atmospheric events like wind. The concept was novel and forward thinking, but costly and not very economic. Fast forwarding 70 years later, how far have we actually progressed within the medium?
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