Broken Window Studios has released the GDC 2014 trailer for its upcoming open-world survival horror title called Grave. Grave will support Oculus Rift and will feature dynamically changing worlds, light-based combat and a heavy emphasis on survival akin to classic survival horror titles. The game is planned for a 2015 release. As a side note, Sony has just announced its VR device so expect more VR news between the inevitable battle of Oculus Rift and Project Morpheus. Enjoy!
Grave Official 2014 GDC Preview Trailer - Indie Survival Horror