At the special press event today, Sony confirmed that PlayStation VR will release in October 2016 for $399 USD/€399/£349/$549 CAD.
According to Andrew House, the October release window is so they can create enough hardware to meet demand:
That is a bit later than the timeframe we previously stated, and I want to thank everyone for their patience and continued support. PlayStation VR represents a transformative experience in gaming, and we wanted to take the time needed to launch with a broad variety of content and a sufficient supply of hardware. We are beyond excited to deliver to consumers the amazing experience that PS VR offers.
In terms of games, Sony is aiming to have more than 50 titles between October and the end of 2016.
Stay tuned for more details as they’re announced.
PlayStation VR Release Date in October 2016 for $399