@xpadmin: setting framerate low worked for me. Here were my steps:
-In display settings, set it down to Medium with Anti-aliasing at 2x.
-Press set Stereroscopic to enabled.
-Press Apply and for me the game screen went away. Had to close and reopen.
-With Oculus in Direct mode, go into the sex dungeon and press F8 to go stereoscopic.
I VR-boned Monica
My other issues from that point was tiny chat text...couldn't read what was going on. Also, I know this is by design, but I wanted to put my face up in the action but that was awkward.