That sounds like Vive. You can play PSVR comfortably in your chair with a pad, without doing any acrobatics or needing extra space. Just saying! And it's much cheaper than the PC alternatives, assuming you own a PS4.
But yeah it's definitely something that you need to try yourself to understand. I've had a chance to try a bunch of VR 'games' on different platforms and they all felt like something that (at best) would be fun for 5 minutes and you'd quickly grow tired of.
So I was pretty skeptical of the concept myself too, until my hands-on PSVR experience. Well, I'll get to play the games for real soon, and will see how well the experience survives repeat use.