Probably, but I wouldn't bet on the processing power.
Then are there any cheap Chinese knock offs I could buy?
I just found a program called riftcat. I can now play VR chat using a cheap ass phone VR headset.
YES you can and it does work but kinda buggy but works! I used it and it did work but was a bit buggy but really fun to work with and work on. It is a great cheap weekend project. https://www.youtube.com/watch?v=AH_pexsuXaE
I don't think VR is going to be cheap for the forseeable future.