Gonna do an upgrade...

Because the 480's direct competitor is the gtx 1060 and is the two cards that is being compared.

There it is. There are two reasons then:

1- Similar performance
2- Crossfire support

There is a third one, which is price, but he didn't mention it.
 
What's important to you, @Brendan Dardarian ? Was there anything about the 1060 you found compelling over other offerings?

FTFY

In my opinion i gravitate towards the option Calin gave me which was buying a new MOBO, GPU and CPU.

I have always liked the idea of the RX480 as it is a cheap card that is VR Ready in which i plan to venture into that area when the budget and time are correct.
 
It meets the minimum performance requirements for VR but a more powerful card would give a better experience across a range of titles.
 
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