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That's true, they might choose to show it on a later Direct and closer to launch. But yeah it should be ready for launch this year by Q4. I remember there being leaks for PS5 from December '19 on Github and we're seeing several leaks from various sources on the Switch successor/Pro.

I don't think an earlier announcement will affect sales too much as I can imagine this being a premium device and priced as such ($350-400?).. As opposed to normal Switch, which could be seen their budget model. They could even do a small price drop for the NS prior to this.