VR is a cool idea, but it falls short on so many levels. It looks cool to go into a space that isn't there, but you always have issues with the mismatch of your surroundings and the VR world.
Playing Xing, and the recent Myst remake is awesome on desktop, but very tiresome on VR. The haptics are obviously not there and either you can't really walk where you need to go or you "teleport" around which feels strange. Overall its tiring mentally and physically.
I honestly don't really think it will become a household thing until they develop black-mirror-type contact lenses.
So, not being wrong doesn't necessarily mean you are right. There is a chance the vr world lights up. Hard to really say.
I think that for VR, the trick is to stick to experiences where your POV matches your meat-space position. Trying to shoehorn the conventions of flat-panel games into 3d VR either requires a lot of increasingly complex sim stuff or is just always gonna give you that mismatch between what you see and what you feel.
In that sense, I agree that AR is probably a lot more doable if you intend to be walking/running around.