No VR as it would take way too many resources. 4K would be awesome.
I would prefer if they used the extra power to get 1080P with the graphics settings maxed out (stuff you would on a PC like filtering stuff) + 60 FPS with no dips.
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Its going to be full on 4k gaming at 60fps with the option for vr. 4k is the new standard for resolution and Microsoft knows full well it can't screw up again only being able to handle a small selection of games at 1080p and most at last gen 720p. Vr is mostly just going to be a gimmick kinda like 3d was too many people get motionsick to have it become standard. Also expect to be able to access full xbox live features and games with your computer by this time (meaning getting something with a nvidia gtx1080 would be amazing)
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I wouldn't expect all triple A games to run 4K 60 fps. That's extremely unrealistic. All indie games should be 4K 60 fps, no questions asked. Some triple A games will lock at 30 fps and others will have to be a lower resolution (or lower filter settings etc.) to make it work. Not a fan of PC gaming as much. I like the controller, couch, and occasionally big screen.