How is this compared to the vive?
Can someone give me a solid pros vs cons? (Especially in the game library department)
Library is more or less the same. You can play Steam games on the Rift and Oculus Home games on ReVive. Oculus has some of their games for free if you have a Rift though. And some games may not work as well on Steam for Oculus Touch, but a vast majority are fine.
As far as pros and cons...this is someone who owns a Rift though, so ya know. But I have tried the Vive.
Vive:
-Better tracking system.
-More add-ons if you like tinkering, but of course this is costly. Vive has wireless coming out for example.
Rift:
-Better motion controls (currently). Vive is coming out with some that seem to be an improvement even over the Touch. The one thing that keeps me from being sure is analogs on the Touch are really nice. Some of the shooters I play with analog locomotion/snap turning just wouldn't be as good with a touch pad.
-lighter headset.
-and now,
price. Like, big time.
There are a few other things, but I think those are the most important. And the tracking system with the Rift is still phenomenal with 3 sensors wall mounted (which is an additional 60 bucks, plus a few bucks for the mounting hardware which I see as almost necessary). There is near 0 occlusion as long as your sensors are set up correctly.
edit: sorry, I gave pros but not really the cons. I guess a pro for one is a con for the other. Seriously though, you can't go wrong either way, they're very similar experiences. But at 400 bucks it's now as cheap as PSVR so...