I think it's still a ways off, as impressive as it is. I am playing through Alyx, and it's fantastic, the ambience and immersion, the spatial puzzles, but it's also a burden to play. I don't quite have ample space set up to move around freely, and it just feels a bit weird to me.
I've watched some sports ball with it, which was cool since I don't have a giant TV. It felt a bit like sitting in the bleachers when the screen took up my entire vision.
However, I tried to work on some desktop music production, and it zoomed in as I had it for watching sports, and it just felt weird. Too distracting to sit there with a giant headset on me, although I may revisit it for a final pass with some attempts at trying 3D sound out!