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HoloDust said:

Nintendo Switch has been hacked, with two similar exploits released in the last 24 hours following a complete dump of the console's boot ROM. The hacks are hardware-based in nature and cannot be patched by Nintendo. The only way forward for the platform holder in fully securing the console will be to revise the Nvidia Tegra X1 processor itself, patching out the boot ROM bug. In the short term, homebrew code execution is possible and a full, touch-enabled version of Linux with 3D acceleration support is now available.

https://www.eurogamer.net/articles/digitalfoundry-2018-switch-hacked-exploit-analysis

Have you seen this pic?
https://i0.wp.com/nintendosoup.com/wp-content/uploads/2018/04/fail0verflow-switchx-pic-1.png?resize=768%2C576&ssl=1

This it how it works.

Its release date is “coming soon”, supposedly according to the twitter profile behinde the guy that did the hack.