I think the lack of competitors in portable space is what makes Switch so huge. Sure it would be successful regardless, but having no option other than Nintendo is making every handheld gamer flocks towards Nintendo and is the key answer of why Wii capped at 90 million while Switch will sell 150 million
The hybrid factor affects a bit home console owners who needs to give up power and get nothing in return, but I don't think this matter much.
The true audience for Nintendo home consoles is at best 30 million, considering the results from N64, GC and Wii U. This is the absolute peak I can see a Switch 2 TV selling, granted it's not having a substantial difference in power from Hybrid Switch 2
So, is 30 million buyers enough for Nintendo to justify R&D necessary to develop and sell a Switch 2 TV? The answer is yes, but no
30 million buyers of a Switch 2 TV would be of course enough to justify the existence of the device itself. The problem is the lack of existence of Switch TV is not a deal-breaker for customers
The people who wants the Switch TV will just buy the standard hybrid if there is no TV version. The potential buyers for the TV only device will just cannibalize potential sales for the inevitable hybrid version
So the question is, how many people who are not interested on Switch 2 hybrid are going to buy the TV only device without any significant power leap? Not many I think