Is it feasible for the Switch 2 to have performance near Xbox Series S level at 400$?

[archbrix]

Not raw performance, no. But regarding what you'll perceive on screen in the end, I think Switch 2 will be in the ballpark and development won't be a big stretch from a Series S version of a game to a Switch 2 version.

Then again, I don't think Switch 2 will be $399 either.