The Switch has a 720p touchscreen display, a reasonably powerful CPU, and 4GB of RAM. It's not fair to compare that to the specialized embedded hardware in a light bulb.
Don’t get me wrong. I like to tinker, and I’ve had plenty of fun using hardware for unintended use cases. But I don’t understand the seeming entitlement that some feel that Nintendo is not worthy of their purchase.
Of course, in the real world, hardware like the Switch is subsidized by publishing fees and the like. I imagine that that revenue must outweigh the R&D costs of gimping the device.