This year is definitely about Virtual reality in the tech industry. We already have Oculus Rift, owned by Facebook, due to release this quarter, and the HTC Vive due out in May. Now Sony are launching their version which will land in October 2016 for £350/$400/€400.

PS VR, originally called Project Morpheus, is Sony's answer to the current rush of virtual reality hardware heading to the gaming market. It's exclusive to the PlayStation 4 console, and with 36 million PS4 consoles sold it has a pretty good chance of success compared to the competing products.

Apparently there are more than 230 developers creating content for PS VR and EA, Lucasfilm and DICE are creating a Star Wars: Battlefront experience for Sony's system.

The final, consumer version of PS VR includes an OLED display, 5.7-inch screen, 1920x1080 resolution, 360-degree tracking and latency of less than 18ms. Plus, it supports 3D audio.

HTC Vive costs £689 and the Oculus Rift costs £500 there is a big price difference between headsets. Also the HTC and Oculus require relatively high end PCs to work. For example, the minimum spec of the Vive is either a Nvidia GeForce GTX 970 or AMD Radeon R9 290 plus the rest of your PC components. The GTX 970 can currently be bought for around £270 whereas the PS4 is £290 for the entire console.

The VR bundle will come with headset, HDMI cable and USB cables, stereo headphones, add-on processor box but doesn't include the PlayStation Camera or Move controllers.

You will be able to pre-order the PlayStation VR today from Amazon for £350.