The standalone, immersive VR headset Oculus demoed last year, then dubbed Santa Cruz, is now known as Oculus Quest, and it arrives next spring for $399.

"This is the all-in-one VR experience we have been waiting for," Facebook CEO Mark Zuckerberg said at the company's Oculus Connect event in San Jose.

Oculus Quest could be a game changer for VR; it does away with the need to set up external sensors around you to track movement. Oculus has instead put the tracking sensors inside the headset itself, giving you a fully wireless VR experience. The headset also works without the need to connect it to a PC, which the current Oculus Rift requires.

Zuckerberg said the Oculus Quest will launch next spring with 50-plus titles—included a Star Wars-related game that focuses on Darth Vader—and offer "Rift-quality experiences." That prompted a few skeptical groans from the Oculus Connect audience—probably because the Oculus Quest won't have as much computing power compared to the gaming PCs that run an Oculus Rift headset.

Nevertheless, the Santa Cruz demo from last year's show was impressive. By removing the wires, the headset can let you roam around a room in 360 degrees and get completely immersed in the VR experience.

Oculus Quest will also feature two redesigned controllers that have been fitted with touchpad control. The less powerful Oculus Go, which the company unveiled at last year's Connect, only has one motion controller.

It isn't clear what kind of battery life Oculus Quest will have or what technical specs it'll run; Oculus only said that it offers a 1,600-by-1,440 display resolution per eye and six degrees of freedom. But to track your position, the headset has four "ultra-light" sensors on the headset's edges, which can register your position in a room relative to your surroundings.

The company has tested the headset in hundreds of different home spaces and will continue to refine the tracking software. Facebook VP Hugo Barra said the headset can also work in a large "arena"-like room.