This was supported by wildly cheaper specs and production values though. Capcom was able to essentially keep production costs at PS2 levels for another decade. I think a Switch exclusive entry would be a pretty ambitious endeavour even though its portable, which I imagine would make them favour just porting World which is definitely possible. Although maybe more likely is that they will produce somewhat of a remix, using many assets from world but smaller, bitsized areas with new and original content.
Capcom have repeatedly ruled out a port of World, (they get asked at just about every investor meeting) but I think you're onto something; a remix of sorts using repurposed World assets would actually be the best solution. That said, when it comes to the Switch they seem to have an irrational aversion to supporting it properly.
Bet with Liquidlaser: I say PS5 and Xbox Series will sell more than 56 million combined by the end of 2023. (And over 130 million lifetime)