run horrendously. But what if people can’t afford new hardware for the next four years? It’s either fix the performance or lose sales. The Switch 2 is likely going to become the most common performance target, and having only 12GBs of shared memory, it actually helps PCs in this situation.
One could hope, but the cost will carry through to consoles as well :(
Prices don't generally recover; any reason for a price rise is a reason to make it the new norm.
Used to be, competition would spring up and keep them in check, but now that the entire market is 6 companies in a trench coat, any new competitor would just be acquired or forced out of business with legal demands or supplier tampering.