In terms of lifecycle, a Switch 2 was overdue. It's been 8 years since the introduction of the first one. You see other consoles getting major updates after four, five years.
The console itself isn't the issue for me. I've preordered one. I think in terms of technology it's a great step forward. Let's also not forget they've upgraded the docking station.
Adjusted for inflation, the NES was more expensive, the SNES on a similar level.
What I find disappointing is Nintendo's pricing for the Switch 2 games. We've seen game prices falling for the past few decades, and now the're becoming more expensive again.
Also, the "glorified updates" for certain titles seems to be a bit of a scam. The differences in graphics would need to be major in order to justify shelling out big bucks again for what essentially is the same game.
Add to that the absurdity of having to pay for a game that explains the console for you.
I do hope Nintendo to be more straightforward and open about what games are down-compatible. I don't want to renew my entire games library.