this post was submitted on 23 Feb 2024
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I feel the need to clarify based on the phrasing of your response. Oculus Ameliorated doesn't replace SteamVR. It replaces the Oculus runtime so you can use SteamVR without the extra overhead.
Will this eventually become FOSS, or will this remain preparation?
No clue, but I don't believe the plan is to keep it paywalled when it releases out of alpha/beta.