Translational head tracking (eg. room scale VR with moving head to shift viewport): NO
Rotational head tracking (eg. turn head around to view 360 video): YES (uses PSVR built-in gyro)
Try PSVR on PC.
TrinusVR + steamVR + deoVR player.
plays SBS/TB MKV/MP4 nicely.
The quality is better than littlstar, allows 2x super-resolution and upto 8x AA