I don't understand this logic -- simply being a part of a successful public company reduces your opportunities or chances of making a splash? That's preposterous.
Yes, there are checks and balances -- however I am hard to believe that essentially working as their own team with some layers below Zuck offsets the significant resource investment that oculus didn't have before.
I think that the most promising aspect of this acquisition is the fact that with Facebook's resources, Oculus can scale like they never dreamed. Specifically, they have such a large starting cash buffer, they might even be able to sell the Oculus hardware at a loss-leading price, and therefore jumpstart the VR space.
I'm withholding judgement until someone respectable like Carmack comes forward with a rationale for why this is ultimately a good thing.