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In 2-3 years the market will probably see a New Switch with the prerequisite SoC upgrade, possibly a memory bump and an updated display.

I don't believe Nintendo is in any real hurry to rush new hardware to the market seeing as how the success of the Switch will likely have them scrambling just to keep up with demand for the next year or so.

Of course, they do have the foresight to prepare for when sales level out which means a series of repaints/custom consoles (although it looks like they may do this by constantly releasing new Joy Con sets first) to keep the market engaged before marketing a proper hardware refresh.