I imagine after I get bored with the games it will mainly be a VR Netflix/research machine. How good is it in these regards?
If you're happy with the lower quality images then it's fine for Netflix. The Netflix app has two viewing modes, one is a VR living room with a fixed tv so you can sit and watch (a bit wasteful IMO given you could just watch Netflixat higher res in your own living room), the other is a black void with a movable and rescalable screen, which is useful if you want to lie down and watch something on your ceiling for example, which I found really comfortable.
As for research and other online movies, these can be pretty good, but tricky to get to work. There are 5 or 6 different 3D systems that the screen can display and sometimes none of them seem to work, and you end up with giant people around you, or the centre of attention being at an odd angle from you, or the image stretched along.
Apparently there are apps that give better viewing than the default one, and subreddits discussing how to get the best experience. But you'd have to put the time in to research it a bit. Also, a lot of the halfway decent 'adult' VR content seems to be behind paywalls at the moment.
The only thing to be sure of is that you have strong wifi and a good internet connection. As the screen isn't of the highest resolution to begin with the last thing you want is for the video stream to go blurry.