Not that a quick and dirty port of a Vita title is the best thing to judge capability, but...
In what world do you folks not see with your own eyes what Switch actually is?
I mean, it's a powerful gaming tablet. With various advanced gaming inputs.
It doesn't freaking matter what Nintendo's marketing team says it is, you can see it with your own eyes.
The laws of physics clearly state what you can accomplish inside a small tablet form factor. Said tablet will not compete with a PS4 or an XB1. Full stop. Even with FP16. Ever.
Again, simple laws of physics.
The concern trolling, pretending otherwise and begging for third party in this thread and others is embarrassing tbh.
Look at what the device is with your eyes, and judge what it is based on what the laws of physics tell you is possible. Stop wishing for what it isn't.
Edit: and no, it's not a Wii U or a PS3. It is more capable than both.