This is a very interesting announcement as it is pushing Intel into the VR & AR space at the same time. One headset that can do both VR & AR = Merged Reality allowing you to be in both a VR world at the same time having real world surroundings in your experience. Wow this could be seriously game changing. Also throw that you don't require a PC or a mobile phone to make it work and they could really be onto something.
Moving one step beyond Samsung's Gear VR, Intel just announced Project Alloy, an all-in-one VR headset that doesn't need to be connected to a phone or computer. Yes, that means it's completely wireless, with its own processor and battery. Alloy can also track rooms on its own, and it tracks your fingers for interacting with virtual objects. There's also a camera that lets you see other objects in the room, as well as nearby people. It's part of Intel's push around "merged reality," which combines VR and augmented reality into a single cohesive experience.