There's also the small, monochrome LCD screen on the front.
The mode/highlight button is on the right edge, roughly half way up the side.
In fact, it has GPS for location as well as a compass, accelerometer and gyroscope, all of which combine to ensure the camera is aware of all of its own movements and location.
What's more, like the Hero, it has voice control, so you can tell it to take a photo or start shooting video, and it will respond (providing you speak one of the 10 supported languages).
As for regular consumers, they'll need to wait until 2018 to get Over Capture working on their mobile devices, although the current Go Pro app will support editing 360-degree video.
To match the 360-degree visuals, Go Pro built in three microphones to capture 3D Audio as well.
That means if you do end up watching your captured video through a VR headset with earphones, the audio will adjust positionally to match your head movement.
With the Hero 5 featuring GPS, it makes sense that the flagship VR camera will as well.