The problem with this thread is that the premise of the thread's title is not the same as the premise of the OP. We're talking about the quality of a system's year being comparable to a past system's year, but then the actual OP talks about how many games EPD will release in 2021-2023, which isn't the same thing at all. Just by mentioning games like Bayonetta 3 and TMS#FE, we can see flaws in this line of thinking.
I mean first of all I'm not really sure 2011's year for Wii was as weak as people think it really was in actual releases. A lot of the reason it was weak is because of localization issues. Otherwise, the year would have Kirby's Return to Dreamland, Rayman Origins, Mario & Sonic at the Olympic Games 2012, The Legend of Zelda: Skyward Sword, Rhythm Heaven Fever, The Last Story, Rune Factory: Tides of Destiny, Pandora's Tower, De Blob 2, Just Dance 3, various Lego Games, and Modern Warfare 3. Out of those Pandora's Tower, The Last Story, and Rhythm Heaven Fever were made in 2011 but not localized till later. Xenoblade Chronicles is also a title that arguably would have been "pushed" into 2011 with Nintendo's current localization philosophy. It released pretty early in 2010 in Japan (June) but didn't release in Europe till 2011 (September) and didn't release in America. Considering it's a pretty big title that would require a lot of localization effort, it would probably be an early 2011 title with a worldwide release, if Nintendo of now existed back then. Now I realize a lot of those titles are not made by Nintendo, and a lot of them are also fairly niche. But notice that a lot of those kinds of games now have worldwide releases, whether or not they're made by Nintendo, sometimes those kind of games are even helped by Nintendo who publishes them outside Japan. I know it doesn't mean much to look at what Wii's 2011 could have hypothetically looked like, but it does kind of show how Switch currently is set up to have fuller years, rather than years where half of the notable releases are delayed till another year for their worldwide release (like half of the notable 2012 games were really 2011 games).
Second of all, if a lot of the bigger titles in a year are third party, what is the issue with that? Monster Hunter Rise is going to be one of the biggest games to ever come to the Switch. Monster Hunter Stories 2 will be a nice addition. Bravely Default 2 will be a modestly big hit like the first game. No More Heroes III and Rune Factory 5 will be notable releases that definitely have their audience. Shin Megami Tensei V could be SMT's breakout game (if we don't already include IV as one ... sort of). And I'm even one of those sick, sick people who think Bayonetta 3 will probably be this year (then again I thought the same for 2020 and 2019 soooo ).
What made 2011-2012 bad was the output of those years. With better game selection, the comparison becomes invalid, whether it's first party or not. In addition, what we aren't recognizing is that the slower output of developers from the 3DS to the Switch has actually helped the Switch in some ways in it's later years. We aren't getting a brand new Monster Hunter till 4 years after the Switch's launch, whereas we got one in Japan only 2 and a half years after the 3DS's launch. Granted, that comparison doesn't make too much of a difference outside of Japan since we got 4 Ultimate almost 4 years after the 3DS's launch, but at the same time the series is way bigger now and this means there's pent-up demand late into the Switch's life that the 3DS didn't have as much of by then, at least in Japan. Same is true for stuff like Etrian Odyssey (who's Switch entry was hinted at a long time ago and won't hit the Switch till much later than IV came to the 3DS's life) and Rune Factory V and Bravely Default 2.
And this isn't even talking about the fact that Nintendo probably has a lot of stuff to announce yet to come from EPD. Or the fact that Diamond and Pearl remakes will come out this year. The Switch also has high-profile indie support that the Wii didn't have, hell Hollow Knight Silksong and Axiom Verge 2 are among my most looked forward games this year.