Gamewise, I see it as a very primal 'travel' thing. Not so much virtual travel, although that would obviously hold some appeal, but to feel you're in a location which is otherworldly, that could hold great value. Who doesn't want to be 'in' the Journey sand-surfing level?
Oh, I totally agree. And just as Journey gains a lot when you have someone to share it with, I think the effect of the shared experience will be even more powerful in VR. So to amend my earlier prediction, I think shared experiences will be the new hotness, though not necessarily MMO-scale, I suppose.
It's kind of obnoxious to suggest anyone could anticipate what that Mario 64 moment will be, but if Media Molecule's new IP is what I really hope it is, it is that. If they can provide a toolset for people to easily generate a virtual 3D world based of whatever they want, and share that world, literally walk friends through their 'dreamscapes'. It could be the pivotal moment in the world of VR.
I'm hoping for the same from them, and I agree about its potential for VR. That's what I mean about sitting on all of the right pieces. With sufficient social integration, MM's game could be a makeshift Home on its own, so why not take it to the next level and make it the basis of Home? People can still use it to build and share VR games and "experiences," like they'd do with LBP, but they can just as easily use it to create their own apartment/house/mansion/kingdom/reality. Your "personal space" will just become part of the multiverse along with everything else that's been created. There's no real "professionals" couldn't use the same tools to build compatible spaces and content, just like they did with Home. Hell, now that average users have the ability to create similar content, go ahead and give
them the ability to sell it too.
Anyway, yes, I think MM's tools could revolutionize making. That makes users want to spend more time playing God. After spending enough time in VR, it's natural that they'll start using their powers to build themselves the "perfect" base of operations, making it easier for them to accomplish their own goals, but also easier to collaborate with their friends. Basically, I think the "LBP of VR" would also make the perfect building blocks for the new Home.