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If Nintendo/Nvidia initially aimed for a 2025 release they almost certainly could've gone full Lovelace & 16GB of LPDDR5X for a similar price (say, within +$20 to $50 of Switch 2 at most) without a loss for either company. 

Given how efficient they got the T239 to be in the end, I am not sure if we would have seen as large a leap as we'd normally expect from Ampere -> Lovelace based on the consumer desktop/laptop chips. 

So we'd probably be looking at a Rog Ally -> Rog Ally X (2024) or Steam Deck -> Steam Deck OLED sort of performance difference, with maybe most of the gains being in battery life.

The OLED screen (unless they ditched VRR) likely is a fantasy want though.