Nintendo announces the Switch 2 [video]

At this point I'd be hard pressed to consider this over my Steam Deck. We will see the specs later but I doubt it will really compete processing-wise or screen-wise.

The openness (full arch desktop) of the Steam Deck is also awesome while having a great UI that you never have to leave if you don't want to.

EDIT: I mistakenly called it "fedora desktop", my bad

For the last few generations (since the Wii), you don't buy a Nintendo for the processing power. They haven't competed on processing power since the Gamecube. After the Gamecube generation, you bought a Nintendo for the exclusive games and that was it. Mario, Pokemon, Zelda, and others. Nintendo knows that their draw is just the games, and uses a lot of lawyers to make sure that normal gamers can't play those games on the Steam Deck. If you want to play what Nintendo has to offer on the Steam Deck you have to install an emulator and Nintendo has made sure that normal people would rather drop $300 on a Switch instead of risk legal issues.

Edit: I suppose that some people would also say the intuitive controls (motion control introduced on the Wii, dual screens (and touchscreen) on DS and WiiU, and detachable controllers on the Switch) have some draw, but those features have often been under-utilized except on a few titles.