Oculus Quest is a VR gaming revelation, but who is it for?

It was apparent pretty quickly after I started messing around with it: Oculus Quest is the best virtual reality platform out there and it isn't even close. But I still wonder how far it can really go.

In video games, graphics tend to get the most fanfare. If something is dull but it looks especially pretty, it's generally going to attract a more favorable response. So when we see some new VR tech announced, like Valve's high-end Index, the focus tends to center on resolution. How much better does this new hardware look compared to all the rest?