@Newguy With the Wii U to Switch transition, Nintendo lost nothing in sales of the Wii U by announcing the Switch in October 2016 ahead of Christmas. The Wii U had failed and everyone knew it. It goes without saying that this transition will occur under patently different circumstances. Moreover, I believe Nintendo, as it had done so far, will continue to follow a release pattern akin to its prior mobile families. That is, iterative releases every 1.5 to 2 years.
Compare Nintendo DS - DS Lite - DSi - DSi XL
with 3DS - 3DS XL - 2DS - New 3DS - 3DS XL - 2DS XL
and Switch - Switch Lite - Switch OLED. Let Microsoft and Sony continue to push out the same "cutting edge" machines in lock step every generation and half-generation in longer strides. As for leaks, we've had them about the T239 chip and whatnot.
@Inuhanyou If I recall correctly, backwards compatibility was mostly a non-issue across the mobile families, right? And, with the next Switch hardware, it isn't likely Nintendo will change the cartridge type, which would physically prevent backwards compatibility (see, e.g., Nintendo removing the GBA slot from the DS with the DSi). The 3DS family was mostly backwards compatible with the DS and DSi, right? That's 15 plus years of backwards compatibility?
I say for Nintendo the time is come for faster hardware. Nintendo can source faster (I'm not saying "cutting edge," that is not the Nintendo way) hardware rather easily (read: cheaply) when replacing an ancient mobile SoC. In May 2023, it'll be over 1.5 years since the release of the OLED. At a minimum, Nintendo could pop out a better SoC with the same OLED screen built-in. Of course, I expect Nintendo will want some hook built-in the new hardware to lure buyers in, but who knows what that will be---Nintendo can be squirrely. But, my point is, the Nintendo mobile console strategy is designed to maintain momentum, and I'm not sure you can do that simply with new color/design options of the OLED when Zelda releases in May.
In isolation, it just makes too much sense for Nintendo to launch a new hardware revision with Zelda in May 2023. But, the consoles are not released in isolation. Nintendo will assess economies, wars, consumer spending, trends, etc. Old patterns aren't sacrosanct. Who knows!? Give us leaks, kopite!