It's essentially a cheaper and lighter AVP without the Apple ecosystem. There's nothing revolutionary about this device.
Every time a major tech company comes out with a new headset, I check one thing: Does it have a light field display? (In this case, no it doesn't.) In 5-10 years, headsets are going to be much better. Your eyes will be able to focus on objects like they do in real space and you won't have to deal with the hassle of an external battery.
"lighter" is the revolutionary bit.
A huge impediment to VR uptake is having to go through the process of strapping a brick to one's face.
This isn't quite the "just putting on a pair of glasses" experience, but it's much closer to that than the former.