Sony’s own weapon in the virtual reality race finally got a release date and pricing guide at Sony’s GDC Press event today.

With a tentative release of October 2016, the lightweight unit is set to be priced at $399 USD / £349 GBP / ¥44,980 JPY / €399 Euro, placing it at a lower base than the competition in Oculus Rift and HTC Vive units.

UPDATE: Shortly after the GDC conference, PlayStation Australia via Twitter announced the Australian pricing of the unit, at $549.95AUD.

Andrew House, president of Sony Computer Entertainment, opened with a brief spiel on Playstation’s history, before following with details about the unit itself including a list of specifications and available content to come for the unit. Over 230 developers including many indie studios are said to be working on content for the PSVR, with titles such as Psychonauts, Robinson: The Journey, Headmaster and Valkyrie displayed briefly in a trailer video.

Sony aims to have at least 50 titles for the device by year’s end, and also discussed a partnership with EA for a potential Star Wars Battlefront experience on the VR.

In passing, House also mentioned the compatibility with upcoming release titles for the PS4, which still included The Last Guardian despite a lack of information in the previous months.

Boasting a 5.7 inch OLED display at a resolution of 1920 x RGB x 1080, the Playstation VR is set to deliver high-definition gaming right to the user, with refresh rates of 120Hz and 90Hz and a low latency of 18ms, allowing for comfortable gaming that doesn’t break concentration. With 360 degree tracking and a 100 degree field-of-view, the unit will also be able to view VR photos taken with omnidirectional cameras via an updated PS Media Player app.

Be sure to stay tuned to Press Start Australia for all the latest gaming news!