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Would make financial sense, imo.

They would make more money getting subscribers of their online over a physical product.
Toss on top of it the controllers they can sell like the retro nes controller they sold already. That would be ideal imo.

Have the Switch be the system with all games of every gen on it through online sub, and you can have your classic looking controllers if you so choose. Hell those controllers sell at about same price as the classic systems anyway.