With the gift giving season just around the corner, Sony is prepping for another big release in the gaming industry: PlayStation VR. Previously titled Project Morpheus, Sony is expecting a surprisingly large sell-out of the new product, just in time for the 2016 holidays. An estimated 1.4 million PlayStation VR systems are expected to sell within the following three months, making this one high-value item you’ll want to get your hands on.

The comparatively small number of VR systems that expect to sell this holiday season, however, are still promising an impressive $134 million in revenue for Sony. It’s definitely a good chunk of change, considering the product is retailing at only about $400, compared to competitors’ Oculus Rift at $599.99, and HTC Vive at a whopping $799.99.

With a slightly more wallet friendly price tag, PlayStation VR is packing a solid resume of entertainment options that is sure to keep customers riveted. According to Sony Interactive Entertainment Japan Asia President Atsushi Morita,The PlayStation VR system will not only give way to a new era of virtual reality gaming, but it will also offer consumers a music video experience with incredible 3-D illusions and imagery. Collaborating forces, L’Arc-en-Ciel and Capcom come together to give an incredible illusionary experience that will captivate audiences with lights and sounds that keep them immersed throughout the music video.

Other features the system offers is “Anywhere VR”, which gives a more relaxing approach to the virtual reality experience, by offering such visual treats as starry nightscapes to enjoy or tropical beach imagery. Expect to find opportunities to utilize PlayStation VR for live-theater performances, historical site tours and even karaoke entertainment. From the look of it, whatever you’re looking to get out of the virtual reality world, Sony’s got you covered.

As of right now, Sony is not looking to extend their platform towards smartphone usage according to chief executive Andrew House. House stated that the capabilities of smartphone usage in the Virtual Reality playing field are just not strong enough to keep up with what the PlayStation VR can churn out. So for now, customers will have to leave their smartphone virtual reality gaming to the Gear VR or other comparable mobile VR devices.

So what do you gamers think about Virtual Reality? Are you excited? Which one are you looking to get your hands on? Sound off in the comments below! You can also get your hands on your own VR headset here: