Yeah, it's kinda a blah name, but Sony has gone and put the official name of Project Morpheus as PlayStation.VR. It's Sony's foray into the VR headset and it uses the combination of the camera, PlayStation Move controller, and headset.
This is one headset I've yet to use in person so I'm kind of interested to see how it holds up to others. I don't know how VR will do on the PlayStation, whether it will take off or be another Kinect, but Sony's going to try at least.
You can check out the launch video below as it was just annouced at TGS2015.