Switch 2 officially announced, switch 2 direct 2nd of April

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Switch 1 had less raw power than a PS3 or 360 in portable mode unless I'm mistaken, but it still managed to run stuff well beyond those systems thanks to more RAM and much more modern features.

I'm sure Switch 2 will similarly be able to pull ahead of PS4/XBO in real-world results; I'm no expert, but architecture, features, and efficiency have come a long way since 2013, especially when the CPUs in PS4/XBO were crap even for their time.

Given that devs were able to squeeze stuff like RDR2, TLOU2, Ghost of Tsushima, Gears 5, etc out of last gen hardware, I'm sure we'll get some awesome looking games for Switch 2.