What if Nintendo released the NXG instead of the Switch?

Suppose Nintendo feels the need to completely abandon gimmicks after the Wii U’s failure and goes for a more mainstream route…with a few twists. Instead of making the Switch, they make the NXG (Next Generation); a console designed to compete with the Xbox One and PS4 both in hardware and third party games. Additionally, let’s say the company attempts to create a few new first party IPs catered to a more mature audience. How do you see this going?
 
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