The new HDR pass through feature means that PlayStation VR owners will be able to run HDR content, like TV shows and non-VR games, on their TV through the PlayStation 4 without having to disconnect the processor unit.
There are several high-end VR headsets out there, like the Oculus Rift and HTC Vive, but if you don't have a PC, Sony's PlayStation VR, which works with the PS4, is the easiest, best, and most affordable way to go.
The CUH-ZVR2 model will also have updated packaging which should make it easy to spot the new model when compared to the older one. As such, we can expect to see the older model phased out with Sony concentrating on its more capable successor; people expecting to see a true second-generation PS VR headset may need to wait a little longer though.
Sony is further expanding strongly into the world of virtual reality with none other than their trusted PS VR headset. However, for those thinking they can just swap out the Processing Units, that won't be possible due to the new, slimmer cable - sorry folks.
The big change, however, comes in the form of HDR compatibility, as detailed in an official Sony frequently asked questions page that touches on the differences between this new unit (CUH-ZVR2) and the previous one (CUH-ZVR1).
All games will continue to be compatible with both versions of the PSVR.
Will you be purchasing the new headset? Although it is behind Samsung in global headset sales, it had sold a total of 519,400 units before the second quarter of 2017, capturing 24.4% of the total market share, according to IDC. In Japan, the refreshed VR headset (in a package with the PlayStation Camera) will cost ¥44,980 (about $400).
Pricing will remain unchanged, so assuming the headset comes to the United Kingdom, you'll be able to pick one up for £349.