Full slide notes can be seen at: http://vrguy.blogspot.com/2014/04/ieee-vr-presentation-next-technical.html The annual IEEE conference on virtual reality took place in Minneapolis at the end of Mar 2014. It was a unique opportunity to meet some of the leading VR researchers in the world, to showcase new product innovations and to exchange views on the present and future of VR. I had the pleasure of sharing the stage in "the battle of the HMDs" panel session at the conference, together with David A Smith, Chief Innovation Officer for Lockheed Martin, Stephen Ellis who leads the Advanced Displays and Spatial Perception Laboratory at NASA and Dr. Jason Jerald of NextGen Interactions. Below are a (slightly edited) version of my slide and a free-form version of the accompanying text. The audience was primarily VR researchers, so if one thinks of "R&D" as "Research and Development", this talk was aimed more at the research side then the development side.