Pretty much. Like I own a Switch and I know how good of a handheld it is. But there are plenty of things that I wish it did and that's the hole this fills. This is a console for PC gamers like myself, not for people that want the switch experience.
Like Nintendo games on it look great, they really do. But then you try to play third party games on it... It looks truly terrible for my liking. Like if you look at something like the Witcher 3, this is effectively what the difference is going to be:
The left is the switch version, the right is the ps4 version as this is more powerful than a base ps4. It's why many people wanted a Switch Pro so badly.
The main reason I am fapping to this is because if you wanted to play third party games on an handheld, you had to either pay $1000 for a PC handheld which are significantly weaker than this or you get a switch and deal with it's short comings. Now you can play Xbox and Playstation games that are coming to PC as well as the large library of PC games on the go. Heck you can even play gamepass games day 1 on this and you don't need to re-buy any of your steam games.
I knew Witcher 3 didn't look good on Switch, but that is worse than I expected. With the Steam Deck starting at $399 that makes me wonder how much money Nintendo makes on the Switch hardware.
Nvidia sold a tegra powered tablet like the Switch for 199$.
And supposedly to rope in, Nintendo, nvidia sold the chips it had in stock (at a slight loss) just to get rid of said stock (it couldnt sell).
Nintendo makes a healthy profit on every unit of Switch sold, light, standard or oled version.