Palmer Lucky, the founder behind upcoming Virtual Reality platform Oculus Rift, has recently taken part in a Reddit Ask Me Anything thread. During the discussion Lucky was asked about his thoughts on the Virtual Boy. He said that it was not really a Virtual Reality device and if anything the association of the Virtual Boy with Virtual Reality actually hurt the VR industry.
Not really a VR device, IMO. No head tracking, low field of view, essentially a monochrome 3DTV.
A real shame, too, because the association of the Virtual Boy with VR hurt the industry in the long run.
It did have the first LED display in a consumer device, though – probably the best contrast of any display up to that point!