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

Nintendo does not compete on specs. They rely on the fact that fun is pretty much orthogonal to bleeding edge graphics.

They use that awareness and take advantage of simpler graphics to trade off processing power for features (portability, novelty) and profit (60>=usd games).

From time to time they also remind us that little hardware can do a lot if it's not running Chrome on a trench coat, and instead care is put in optimising things.