Engadget reports that samsung is developing a new virtual reality headset. Samsung's headset (which will be similar to Oculus Rift's headset, seen below) will sport an AMOLED display, and will only work paired with a next-gen Galaxy phone (probably the Note 4) and tablet (hopefully the upcoming AMOLED ones).
Engadget doesn't have a lot of information - but according to them the OLED display will as good or better as the one used by Oculus. This isn't surprising as it was always likely that Oculus are using SDC's panels. In any case, Samsung is set to beat Oculus (and other players such as Sony) to the market and release this headset by the end of 2014.