http://www.pcgamer.com/oculus-santa-cruz-is-the-vr-headset-we-are-all-waiting-for/

Oculus is working on a standalone headset that will offer similar power and capabilities as the Rift, but without needing to be tethered to a PC. Codnamed Santa Cruz, Oculus shared a few more details about its next-generation headset at its Oculus Connect event today.

What a difference a year can make. While still in prototype form, the new version looks much more polished than what Oculus trotted out at last year's Connect event. In its current form, Santa Cruz appears far less bulky and a lot more comfortable, resembling a finished product rather than a pre-release product. All of the hardware components have been moved to the front part of the headset.