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The thing that will make the swich unique and that will be hard to copy for other companies is that Nintendo will throw it's combined Library behind it.
It should have fantastic first party support throughout it's life, if this works out.

That is something neither Sony nor Microsoft will be able/willing to replicate. Sony has far too much riding on the success of the Ps4 now, to bring out a hybrid console that gets all of their AAA games and Microsoft frankly doesn't have that enticing of a first party in the first place. Both of them place way too much emphasis on specs to ever do something like the switch.
It just doesn't fit their businessmodel.

As for the opportunity to play games on the go, I can see their streaming services pick up the slack eventually.