This is great for 2 reasons.
One it means Switch 1 will be the highest selling console ever, easily surpassing the PS2.
Two, since Switch 2 is already being subsidized and sold at a loss:
Gotta pay to play
gonintendo.com
It means that the people who can't afford the upgrade yet will still have an option until they can save that extra 100 dollars. It's just amazing to me that with several games like Hogwarts and SFVI the Switch 2 meets or surpasses the XSS. That's with I'm sure much inferior CPU and power setup. Pretty great upgrade considering many here were guessing below PS4 level power before the reveal. Nvidia and Nintendo fucking cooked with this one.