Epic Games' Tim Sweeney and Mike Fricker give a first glimpse of VR content creation using the first VR Editor for a game engine. Using the Unreal Editor in VR mode developers can create content in VR using the HTC Vive and Oculus motion controls. Check out unrealengine.com/blog for more information, and watch Twitch.tv/UnrealEngine on March 16 for release details.
Unreal Engine 4 VR mode to let you build games in virtual reality

Epic Games showed off its latest virtual reality efforts. The game developer is working on an update of its Unreal Editor that will add a VR content creation mode, allowing developers to create content in VR. You can see a video demonstration below, it uses the HTC Rift and Oculus motion controls. More will be revealed at the GDC conference on March 16.