Meta is desperate for content and use cases for MR, and nothing comes up. They have been doing jams, they have funds to give to developers, and everything that comes up are basic wave shooters or simple ports (downgrades, really) from VR to MR.
Microsoft has probably figured out that, except for the military, it’s a solution in search of a problem, at least in the current form factor ans with current limitations.
I’ve been working professionally with VR since 2018. Haven’t even tried a Vision Pro yet. Projects keeps coming.
VR was never dead, it just isn’t mainstream but has its use cases - including gaming, but also a lot of corporate, training, and now AI and simulation stuff.