I held off on buying it for many years because of the chorus of people saying, "Once the Switch 2 comes out, we'll get a new one!" (the line of thinking being that the Nvidia Shield used the same custom SoC as the Switch 1).

Switch 2 is out, no new Shield in sight. And the Shield TV Pro is still $200...

I doubt it. That SOC is still overkill for video (which I believe powered the Nintendo Switch 1). I think the big issue is really a combination of the Nvidia software and just terrible Android TV.