That's great to hear! It's hot on Xenoblade's tail! I'm glad to see that there really are people who can sniff out a real recreation of the 16 bit era JRPGs compared to those who bought into Tokyo RPG Factory's half hearted games.
And yes, this is a great sign that 3rd party games can flourish on Switch...but for the most part it's going to be Japanese 3rd party games. Always has been this way since the NES. So while yes, this is a great victory for a Japanese Rpg, I wouldn't try to translate its success to most western 3rd party games. So yeah, Square Enix, Capcom, Konami, Level 5, Namco, Sega/Atlus, etc. should be motivated by this game's success.