I just assumed they would blacklist the publicly available encryption keys and/or push an update that adds another security layer and has to be installed for new games to play. But I'm not super familiar with nintendo emulation so this may not be plausible.

Yeah I'm guessing the switch 2 is going to be the switch but slightly more powerful, using similar hardware to maintain compatibility with older switch titles. Meaning their new console is likely going to be able to be emulated at or very shortly after launch. Instead of competing on features, like upscaling, mod support, third party peripherals, etc, they've decided to sue people until the problem vanishes. So classic corpo Nintendo dumbshittery.

I own ToTK and 2 switches. I still emulate it. Nintendo your hardware is hot ass, your controllers have major drift issues, your online service is barely functional, and I don't want to pay to back up my own goddamn saves.