No.
You're confusing a back-up loader (download titles from internet -> boot on system) and a general term like 'homebrew'. In the most literal sense, "Hello World" execution is homebrew but not very usable. 'Hello World' is the soundbite of success, in a sense, because it means you have code execution within the system itself. Its the very first thing you're taught in compsci, after all, and from there you learn and build more complicated software that can do more complicated things!
In this case, this doesn't bypass the Switch's encryptions (you'd need kernel and the ability to inject a *decrypted* title, so even a kernel point of access doesn't actually solve the overarching encryption/decryption problem). This is userland which will allow us to make and make use of neat apps like emulators, save managers, and such.
Switch homebrew has many uses beyond piracy. If piracy is all you want, you will be forever behind the curve with this system.
Thank you for the explanation.
I just bought a second switch and poken.
I just wanted to know in more detail what these advances meant to the end user in terms of applications.
The ability to have emulators is more than enough for me.
Thank you once again.