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PlayStation VR Launch Bundle, Pre-Orders Start Tuesday..

Sony has finally announced that the PlayStation VR , and it will be available in October 2016. The company shared the news yesterday afternoon during a short keynote at the 2016 Game Developer Conference in San Francisco, CA..

That price could almost be considered cheap if you already own a PlayStation 4, and even if you don't, the total cost is much less than Sony's VR competitors. The Oculus Rift starts at $599 and Valve's HTC Vive will sell for $799, but both of those headsets require powerful PCs that can cost much more than the $299 PS4.

But there are a few catches: the base level PlayStation VR doesn't come with the company's Move controllers, and it also doesn't come with the PlayStation Camera — which is required to use PSVR. A Sony rep tells us this is because many PS4 owners have already bought the camera. PlayStation VR bundles will be sold, and those would likely include things like the camera and the Move controllers, but Sony declined to share any more detail.

Sony confirmed that the consumer version of the PlayStation VR will have the same technical specs that we've heard about: the main 5.7-inch OLED screen is capable of displaying games at up to 120 frames per second, and has a resolution of "1920 x RGB x 1080," meaning each pixel gets full RGB color.

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