Recs.
Updated
Oculus' mid-range stand-alone VR HMD, formerly known as "Santa Cruz" slated for a Spring 2019 release for $399.99 USD.
Specs
Pros
Pro Lots of games at release
50+ games are confirmed for the launch of the Quest in Spring of 2019. Confirmed titles include Rec Room, which is a cult hit in the VR community. Beat Saber has also been hinted by the developers.
A general rule is if a game is already on PSVR and doesn't have a exclusivity contract with Sony, it will probably eventually release on the Quest at some point, as the Quest is around the same level of performance/better performance than PSVR.
Cons
Con New flawed touch controller design
The new controller has one major flaw. The loops are inverted. This means when you hit a wall when really getting into a game, there will be no ring around your knuckles to protect your hands.