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Well I think 3rd parties would be happy because they could cut development costs by primarily making the games for weaker devices with some upscaled benefits (on the cheap) for Xbox/PS. Right now they produce very expensive games for those two and then dumb them down for Switch, but do it backwards and they now spend less to develop the games. The only people that would be bothered are the 1% of gamers that care about water reflections looking pretty.