Nintendo may as well just make a weird console, they don't have any chance against Sony/MS. Maybe if MS was leaving the industry there would be an opening but they don't have one now with Scorpio MS is doubling down on going after Sony, there is no room for a third wheel console.
Honestly in terms of dedicated game hardware, the portable market, or whatever is left of it, probably has to carry Nintendo.
The mistake was already made in allowing both Sony and MS to take over the mainstream console market, you can't allow two companies that big just step all over your turf and think you're going to win it back like 20 years later. They needed to fight tooth and nail and the GameCube at minimum needed to bloody MS' nose so badly that they wouldn't want to come back, but Nintendo never made a stand there and these are the consequences.
