SEGA sadly doesn't interested in making VR game, though that doesn't mean they're abandoning it.
As the article said, this one once again being done by third party who has experience with VR games before.
Just like Space Channel 5 VR and VR Figure From Shining before by another third party.
This VR version of Cosmic Smash is now done by England based VR developer Wolf & Wood
It's good they're not abandoning VR because of a few bad shots in the dark. Wood & Wolf wouldn't of been my choice given they mostly made enclosed-space VR games but I heard The Exorcist: Legion, one of their exploration horror VR games is good.
I firmly stand in the believe there is a large audience for the VR market. The only issue is most game developers don't really know how to make VR games. The ones I played are usually sandbox or encased area sort of games.
For example, "GoldenEye VR", it's not a fan game... (I think) but a mod recreated for various VR games such as Palvov VR, Half-Life: Alyx and BONEWORKS. GoldenEye was an N64 game and considered one of the most cult-classics of the 007 games and fans have made attempt to VR it.
Another example in mind is the original Wolfenstein game which had a fan-remake in VR.
So if it comes to lack of creativity or originality it's not like there isn't a lack of past games that are not ideal for VR.
Heck I've had lots of fun hours playing Garry's Mod with a particular mod called "
VRMod", it does exactly what it sounds like. I've replayed old maps I haven't touched in awhile for fun, more immersive experiences with VRMod, or use VRMod just to explore maps for fun.