There's a lot of pc snobbery going on down in the comments, but I think it looked good too. I think the small screens will defeat their resolution arguments.
The concern I have with regard to the Occulus Rift is that everybody that has played it seem to think it is front heavy and uncomfortable compared to Project Morpheus. That would definitely be more important to me than increasing the resolution beyond 1080.
Perhaps tellingly, I have never managed to get enthused about mech games, but the VR straight away makes me want to give it a good go.