I have the same experience. I have tried my friends VR set a few times and another one at a work party, and overall it was pretty underwhelming. Uncomfortable, a bit nausea inducing and nothing particularly impressive. Kind of cool to try out, but not something I would want to use every day or pay for. At the current state I don't see what's the fuss about.

Also VR as some kind of social networking replacement seems unlikely to me because huge par of the time people spend on social networks is not while sitting at home dedicating time to this activity. Most people are not going to lug around VR headset everywhere they go.

I strongly believe we didn't have enough hardware innovation. I tried watching movies as well and it sucked.

I would recommend VR videos though, there are a few from Oculus TV which are amazing, they are an entirely new experience.