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With Oculus launch, 2016 marks new era in virtual reality

The virtual reality company Oculus is nearly ready to sell its headset to the public -- but there's plenty of competition in this new realm, with HTC's Vive and Sony's Project Morpheus.

Welcome to the virtual reality renaissance.

For nearly three years, the virtual reality company Oculus flaunted prototypes of its headset to media and developers at trade shows. But the company is nearly ready to sell it to the public. Oculus -- owned by Facebook -- announced it will have a commercial version of its gaming headgear in the first quarter of 2016. Preorders begin later this year.

Watch CNET Update to get the details on Oculus Rift and rival systems coming soon, including HTC's Vive and Sony's Project Morpheus:

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Also in this tech-news roundup, learn about the PlayStation Now streaming game subscription, which is expanding to PS3 consoles. And Sharp is the latest TV maker to put Roku software inside televisions -- at a pretty nice price.

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With Oculus launch, 2016 marks new era in virtual reality