I think VR will be much more important than AR in the long run. The technology isn't there yet, obviously, but in the long run. I think viewing VR as an escapism entertainment medium is far too close minded. Sufficiently advanced VR would be able to simulate your actual environment* and anything else AR could simulate.

There are also many more functional applications of VR than AR. Random examples to illustrate my point: * Can train on the "real thing" instead of watching videos, doing exercises/drills, or reading books (e.g. military, pilots, surgeons, construction workers). * You and your coworkers could all go to an "in office" meeting without being in the same hemisphere (i.e. it would look like you were all sitting in an office together) * Students wouldn't have to sit through another boring lecture to learn, they could go there and watch it unfold for themselves (even if the lecture content takes place over a large period of time!)

*by this I mean within the scope and context of whatever you're doing and not that the VR simulation would be created perfectly down to the last atom