Comment by CM30
Honestly, they did exactly what they should have done here. Made a more powerful Switch with better hardware and backwards compatibility, with a clear and easily understandable name.
Regardless, the things they need to update/fix are all really just technical and UI design problems; Joy-Cons drifting and rails failing to work, Switch Online being a laggy mess for many games, the eShop being near impossible to filter or find things in, etc. If they can get those things fixed, and get some popular Nintendo franchises out within the first year or so, then this could be a huge success.