I totally understand why the Quest gets so much hype. It does a lot for a standalone headset of this size.
It is a nice entry point for people who are not yet familiar with VR.
Just a comparison with the PSVR.
The PSVR's graphics are better, I won't say much better, but you can see the difference. PSVR has nicer deeper colors, which makes sense since a PSVR (and PC VR headsets) has more power. Don't forget that the Quest does it all on its own in the headset itself. So again, the Quest does well for a standalone headset.
the tracking; The Quest gets a lot of praise for the tracking vs PSVR, personally I don't see this, but I've never had any problems with the tracking of the PSVR and hear that other people do run into this problem, so I can't quite comment on the tracking exhausts, the Quest's tracking is just fine.
The controllers of the Quest are a big improvement against that. They fit comfortably in your hand vs the PSVR controllers. (it takes some getting used to in the beginning)
What's great about the Quest is that it starts up quickly and you can take it anywhere to introduce friends to VR, for example.
A big disadvantage that many people have already experienced is the weight. It's about half a kilo, which doesn't seem like much, and it isn't in the beginning of a VR session. But after about 30 minutes it really starts to weigh and it just isn't comfortable. That's how I watched Netflix and especially because your head is still, you really feel it clamping, it may also be that you just have to find the right position that is just a little more comfortable, loosening the bottom straps helps a bit.
What's also a shame is that you have to buy all your games again, you can't transfer them from your steam account.
I also hear that people find the battery life low, it is about 2-3 hours. I don't see this as a drawback/problem. Most people won't spend 3+ hours in a row in the Quest. You can simply continue while the Quest is on the charger. (Great if you're watching a movie, for example.)
My conclusion;
The Quest is perfect for people who want to get acquainted with VR for a reasonable price. It is also perfect for people who are away from home a lot, the Quest is easy to take with you.
I think it's a great device for what it does as a standalone VR headset. It opens doors for people who don't have a strong PC or PS4.
Although I personally prefer the PSVR, I can say that I am happy with the Quest.