The Oculus Rift is coming later this year, but you are going to need a decent gaming computer to put it to use. Thanks to VR headsets like HooToo, you can experience VR with your smartphone. This virtual reality headset is compatible with iOS and Android devices (3.5 to 6″). You will be able to use it to enjoy 360-degree videos.
The HooToo VR headset offers adjustable focal and pupil settings. Costs under $40 at this time.