Oculus and Microsoft have already entered into a partnership that will, among other things, allow the upcoming Oculus Rift VR headset to view and play Xbox One games that can stream to a Windows 10 PC. However, Oculus has no current plans to support connecting the Oculus Rift directly to the Xbox One itself to play games on the console.
Nate Mitchell, the vice president of product at Oculus, told Polygon that his company and Microsoft have had talks about direct Xbox One support for the Oculus Rift. However, he added that "we're not so close" to providing that support. At the moment, Oculus is working just on the Windows platform:
"No one is really thinking right now about bringing the Rift to a console, especially when the spec is so different from what we're targeting right now."
That doesn't mean the Xbox One's hardware couldn't handle a virtual reality headset in the future. Mitchell indicated that "you can absolutely deliver a great VR experience on Xbox One". However, it doesn't look like the Oculus Rift will be providing that support for Microsoft's console in the near future. Mitchell stated, "We'll see. It's not out of the question, but it's not something we're actively working on right now,"