Magic Leap is likely a repeat in history. In my opinion, the investors bought a vision and workplan, not a product. Big whoop about a patent filing. Until I see otherwise, the product doesn’t exist yet no matter how many palm sized pink elephants we see. The big difference between the history that got us up to the Oculus Rift and similar products is that – in my opinion – Google’s joint investment was effectively buying a decade and future patent rights to get them to the time when, similar to mobile panels, the core components are readily available at economies of scale – or even exist!
Now do we need so many Avatar sequels? That’s a different topic entirely!