The Lite doesn't mean the OG is gone yet.
The Switch is getting a stealth upgrade in Japan next month.
Nintendo have announced a revision of the existing Switch hardware for release in Japan on August 29. Retailing for ¥29,800, the revised Switch will feature a minimum battery life of 4.5 hours in handheld mode with a potential maximum of 9 hours.
Although western branches of Nintendo have not made social comments about the revision as of 8:40 a.m. Eastern time, the new model will be available in North America starting "mid-August" and in Europe "early September" at the same MSRP. The new models will have a model number of HAC-001(-01) outside Japan and will have serial numbers beginning with HAK according to Nintendo of America.
Nintendo of America have also announced two new color sets for the Joy-Con controllers: blue/yellow and purple/orange pairs will be available October 4.
Would Nintendo realistically have three Switch variations on the market at the same time?Nintendo have had at least three variations of the 3DS on the market at one time, so they could certainly do it again, especially now that this is their only platform.