Welp, after a few hours, it's now dead. Won't initialize in the Oculus desktop app. There's a factory reset button in the user interface (not kidding) and it also fails. Tried unplugging/replugging, computer restarts, different USB ports, etc. Nothing works.
Got the VR Air Bridge (for 150$ CAD) to give it a try and the only thing it does is add more friction to the PCVR experience. It’s worst than I thought: 🧵
1) Setup wasn’t plug & play; the Oculus app didn’t see the dongle until a computer restart even though Windows detected it.