At first when I saw this new headset I was a little disappointed Pimax had got beaten to market as it's impressive and has a good heritage of quality no one can deny. But... from reading the specs and looking at it in a calm frame of mind, the headset is just an evolution and nothing radical or game changing. This is, however, a smart business decision as HTC Vive Pro will attract loyal existing customers who want an upgrade, and at the least, a few VR Virgins - some who are perhaps consumer phobic of Chinese produce - unlike us!
From what I can speculate, things hang in the balance for Pimax for the 8K to become a resounding global VR success (market leader) or simply a contender in the VR Market. It would appear if Pimax reaches the holy grail of the once advertised 90hz (unlikely) then they will potentially beat HTC Vive Pro hands down in delivering the best HMD in 2018 and silence the critics. For a Kickstarter product from a tiny company to do that (compared to HTC Vive Pro) this would be a resounding victory for the 'little guy'.
If they don't (likely) they'll still have an alternative quality product - inferior refresh rate for sure but better immersion than HTC Vive Pro meaning it's still a viable product, it just won't sell as many or make Pimax as much profit. Still, my dream is Pimax delay the headset until June 2018 and offer it with a new hardware 90hz solution.
We'll have to be patient and see what the announcement has to say in the next few weeks about progress and plans in March.