Oculus intros Santa Cruz AiO VR prototype at Connect 3 event

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And it launches its Touch controllers, talks about Async Spacewarp, and of lower PC specs.

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ASW sounds like interpolation you get on TVs.

That's pretty much exactly what it is, but it's taking into account head movement as well by the look of it. Seems to work well from what I've read - I've enabled it but not had chance to give it a go.