As someone who has been in the emulation scene and gaming scene for a long time, here is what I can tell you: The reason nintendo hates emulation so much is not so much because of piracy, though thats part of it. They hate it because it destroys their fundamental business model: Selling you half-baked potato hardware for 4x its value because "Thats the only way to play mario and zelda". This is why Nintendo consoles are so inferior. They don't have to compete with PS5/XSX because those 2 don't have Mario, Zelda, and others.
Switch 2 rumours point to a GTX 780. So when the switch 2 releases in 2025, it will be 12 years out of date AT THE TIME OF RELEASE.... nevermind the fact that it has to last 7 years. This is one of many reasons why emulation is so.... ssssoooooooooo important to the gaming industry. Some of us want our games to look nice. I've compared MK8D on Yuzu to a real switch. Even at 1080p, the difference is extraordinary. At 4K? Oh gawd, I don't even wanna know. I won't even buy nintendo consoles anymore.
The year is 2024. Our screens are bigger. Our resolutions are higher. Our textures are nicer. Our GPUs are more powerful. If nintendo intentionally lags 12 years behind so they can use IP as leverage to compel gamers to buy their potatoes, well, I'll just use an emulator. People asking about an official emulator release from nintendo: It won't happen, because then no one will buy the potato. The point is to build a potato that costs nothing to make, and sell it for extraordinary profit margins. That's also why nintendo won't go 3rd party. They dont make the console to sell the games. They make the games to sell the console.
I'm not going to go to a store in 2025 and buy a 12 year old tablet for $300 or whatever it will be. I'm just not doing that. I'll happily wait for the emulator to come out and use that. I'll buy a game cartridge so I can say I own it legit, then go download it off TPB. I can produce the original, so I'm just downloading something I already own anyway, and I can at least make the games look respectable.
Nintendo has been known to be an extraordinarily scummy company, and this is just one example. Switch emulation isn't over. Suyu is going strong. Their discord server got nuked, but they are thriving with 37K members on another platform. So they will be just fine. Ryujinx can't be touched because the front-man lives in brazil, and the development team is decentralized. It's basically impossible for nintendo to sue.
Don't worry ladies, emulation ain't going anywhere. Emulation will be jjjuuuuuuussssssttttt ffffffiiiiiinnnnnnnnnnneeeeeeee