it takes mostly 3 to 4 years to makes awesome games.
Every announcements before that should be taken lightly.
6 to 7 years in the making for a master piece is still very acceptable IMO. Now... for what it takes.

It kind of tell you how much optimization has to be done to get anything working smoothly on Oculus.

Making demos for indies are useless today since ‘normal’ sales goes on for about 1 week (or 2 if you’re lucky) then it’s over.
Most games dev. I know and myself don’t want to make long and exceptionally risky games anymore because of that consumerism phenomena.
Clearly, after a few unsuccessful sales, many of us stop…