I bought my PS4 for $400, the VR headset cost $400 alone with a bundle for $500 that includes the move and some game i believe.
If the $500 bundle were $400 and the normal $400 didn't exist maybe I'd say yes. Regardless I'm gonna wait till the price drops at least by $100 as it may just be another gimmick.
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Don't forget, you'll need the pseye camera thingy as well
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I think that was in the $500 bundle also, which is why i think it should be $100 cheaper.
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Can't wait to see how it performs out in the wild! (: