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Project Morpheus is PlayStation’s prototype virtual reality system for PS4, announced at GDC 2014.
Project Morpheus prototype is mounted with a 5-inch LCD panel along the 90 ° Field of view (FOV) and 960 x RGB x 1080 resolution per eye. The PS camera will go along with the head movements and can likewise rotate to accommodate shift of the user's vision.
(Project Morpheus: GDC 2014 Presentation)