A big yawn! That's how James Cameron describes the Oculus Rift. Not because it's a poor experience, mind you. It's because he's seen it all before in his professional life. Not quite phrased the same way, but I've heard this sentiment from the likes of Jaron Lanier and other top experts in the field. Read more: A Big Yawn Says James Cameron! Read full article...
"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!"
They are more likely to be developing on something that has to do with light fields and got nothing to do with mobile panels.
May be some thing similar to Avegant's glyph a micro mirror array projecting from some corner on prism in front of your eyes. or some edge leds transmitting on micro dents in display a pin light??
Eagerly waiting for disclosure which i partly can guess too.it will be more shocking if it turnout anything related to mobile components.
May be they arrive hand to hand with RIFT CV1? Google is known for surprises. even if few terrible ones.