Sony has one major advantage over Nintendo and Microsoft in gaming

Sony Playstation 4
http://us.playstation.com/ps4/

Sony's PlayStation arm is on a tear. 

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The PlayStation 4 game console is by far the highest-selling system against the likes of Microsoft's Xbox One and Nintendo's Wii U, outpacing the competition by 2:1 (or more).

And Sony's gone a long way in convincing gaming fans that it's got the console this generation, from locking down an exclusivity agreement on the "Call of Duty" franchise to helping resurrect beloved, long-dead gaming franchises.

But Sony's got one more trump card up its sleeve: the newly renamed PlayStation VR (née "Project Morpheus"). So, uh, what is it?

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Sony originally unveiled its virtual reality headset at the 2014 Game Developer's Conference in San Francisco.

GDC 2014
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Sony Worldwide Studios leader Shuhei Yoshida led the presentation. "Thank you for coming to this cryptic Sony-sponsored session," he told attendees.

Project Morpheus
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Since the VR headset wasn't announced before the presentation, it was kept under a shroud during the introduction speech.

Project Morpheus
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Yoshida wasted no time in jumping in. He unveiled the headset only 10 minutes into an hour-long presentation.

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The headset was initially named "Project Morpheus," after the god of dreams.

Here's a clean shot of Project Morpheus in March 2014.

project morpheus sony ps4 virtual reality headset prototype
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The unit has evolved over time. This is Project Morpheus in March 2015, looking slightly different.

Project Morpheus
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The headset got a new, official name during Sony's Tokyo Game Show presentation on September 15: PlayStation VR.

PlayStation VR
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PlayStation VR works with the PlayStation 4, though it won't work with all your games. This is a headset made specifically for virtual reality games. Like "RIGS" from Guerrilla Games:

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And "EVE Valkyrie" by CCP Games:

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More than just a VR headset, PlayStation VR uses a motion controller to track your hand movements. You'll need a PlayStation Camera to track the headset and the controller.

PlayStation Move, PlayStation Camera, PlayStation DualShock 4
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The camera tracks your head by watching the lighted areas on the headset.

PlayStation VR
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It's able to track the controller by the light on top. And yes, you can use more than one at a time as you see here.

PlayStation VR
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Not all games require the motion controller. Many can be played using the standard issue DualShock 4 that comes with the PlayStation 4. There's a light on the back that can be tracked, even.

DualShock 4
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What's most impressive though is seeing people use PlayStation VR. Like this:

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And this:

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And especially this:

There's nothing that compares from the competition. Sony says PlayStation VR will become available for purchase in the first half of 2016.

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