Project Morpheus has finally received its official name, PlayStation VR. The official announcement was made by Sony Computer Entertainment Japan president Atsushi Morita at Sony’s conference at Tokyo Game Show 2015. Sony hopes their VR device will become a “sensation” among the many VR platforms.

“The name ‘PlayStation VR’ not only directly expresses an entirely new experience from PlayStation that allows players to feel as if they are physically inside the virtual world of a game. It also reflects our hopes that we want our users to feel a sense of familiarity as they enjoy this amazing experience,” explained Sony in a post-event statement.

Sony also emphasized its plans to put effort into the platform’s software: “We will continue to refine the hardware from various aspects, while working alongside 3rd party developers and publishers and SCE Worldwide Studios, in order to bring content that will deliver exciting experiences only made possible with VR.”

There is still no announced price or release date announced for the PlayStation VR, but Sony’s head of worldwide studios, Shuhei Yoshida, did give us some details at E3 2015. He had said the project is “going very, very well” and the platform will launch in the first half of 2016. As for price, Yoshida said that Sony will “try to provide the hardware at the lowest possible cost so that more people can come in.”

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