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Pico 4 has comparable specs to Cambria / Pro minus the eye and face tracking (used by businesses mainly for VR meetings or highend gaming where eye movement triggers render quality).
Pico 4 will be released now at a time when many want to transition from cellphone tech, the Go, or Quest 2 to a new HMD.
Meta will need to cut those prices down ASAP.
Folks who'd give their data to Meta to save money on a headset will be equally willing to give their data to TikTok / ByteDance and the CCP.