I wonder if Microsoft can break into the hybrid market without kneecapping their development pipeline with their power consuming games. Hope they actually put all those studios they bought to use; diversify their software lineup with varying budgets not unlike Nintendo. It'd be an interesting prospect, to say the least.
Bringing the topic back to Nintendo, if third-party support for Redraketed NG improves (especially out the gate), I wonder if that'll bring about a change in the cultural zeitgeist, in terms of how Nintendo systems are perceived compared to their contemporaries. Nintendo has, for years, been considered as the "side piece" of gaming and, as
@oldpuck above me has mentioned, the Switch is often seen as the second system for many. If we're heading into a world, where Nintendo's next big system has games like Call of Duty, Madden, and Grand Theft Auto, there's a strong chance that it may become the primary system for many for years to come. Would this potential reality change the market in any substantial way? How would Sony and Microsoft respond?
I used to believe that Nintendo wasn't actively competing with Sony and Microsoft, but now I'm not sure of that opinion. One could argue that all of the money-hatting and the acquisitions are geared to hinder Nintendo, if anything. After all, their meteoric success with the Switch is nothing to scoff at or ignore.
Tl;dr: Times are a-changin' and positions may be shifted more than we think.