HTC and Valve has teamed up to reveal Vive, a brand new virtual reality headset which both companies say will hit retail within the year.
The Vive is manufactured by HTC and powered by Valve's SteamVR. HTC also say that since the Vive is powered by SteamVR, there will be plenty of games that use it will be available soon on Steam.
The Vive features a 1200 x 1080 pixel screen in front of each eye, with a refresh rate of 90 frames per second. It'll also apparently fill your field of vision in all directions, therefore avoiding jitter.
As well as the impressive resolution, it'll also include a gyrosensor, accelerometer, and laser position sensor that combine to track the rotation of your head on both axes to an accuracy of 1/10th of a degree and if coupled with two SteamVR base stations you can then track your physical location in spaces up to 15 feet by 15 feet.
The company is also working with Google, HBO, Lionsgate and the National Palace Museum in Taiwan to build virtual reality experiences. So it'll almost certainly be about more than gaming.
This week sees the Game Developers Conference take place, so expect more details soon, but it's already sounding expensive.