Lone Echo appears to be similar to ADR1FT, but this time, you do something more than fly around a broken ship. I could be wrong on that, as this trailer for the Oculus exclusive VR game doesn't give a ton to go on, but the official website gives us a little more information.
For example, looks like the game will feature an "Echo Arena" which is described as "fast-paced multiplayer action in zero G". The photo featured for the mode looks to be some marriage between disc battles in Tron with the battle domes from Enders Game.
No official release date other than "coming soon" so keep an eye out. You'll most likely hear about it from Facebook first considering they're actually putting their name on their purchased asset now!