Oculus confirmed on Tuesday night that its first consumer-focused product will finally ship in Q1 2016. Preorders for the Rift headset will open later this year, though the price is still a mystery.

The Facebook-owned company also offered a look at the latest version of the Oculus Rift with a pair of renders for the virtual reality headset. The new design promises an updated tracking system that works while sitting or standing, improved ergonomics and a more comfortable fit. In the next few weeks, Oculus says it will reveal more technical specifications, along with details for the hardware, software and input.

Of course, Oculus isn’t the only company racing to release a high-end VR headset. HTC’s Vive, which was designed through a partnership with Valve, is set to launch before the end of the year. Meanwhile, Sony’s Project Morpheus won’t be ready until the first half of 2016.

In less than a year we could have three new virtual reality options to choose from, but for now we’re still waiting on some pretty important details. Hopefully Oculus reveals pricing and the rest of its launch plans soon. The company notes that E3 is just around the corner, so you can expect some big news at the annual gaming expo next month.