The $17 one I have to assume connects to your smartphone, where you then can download different VR apps and try them out.
They're not the same thing as PS VR/Occulus. Neat for the price, sure, but not the same.
As far as the differences go, I've used both Occulus and PSVR and while the Occulus definitely has a cleaner image and stronger processing power, the PSVR isn't a big dip in quality by any means.
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