Come to think about it - HorizonOS and its underlying kernel is secure. In the entire lifespan of the Switch, only one exploit in it was found (iirc it was in version 4.1.0).
The main entrypoint we got on the Switch 1 was a hardware bug with a nVIDIA Tegra chip, which allowed arbitrary code execution in its RCM with a stack smash exploit.
The modchips are all based on this hardware bug, and they essentially replicate it.
Due to how secure HorizonOS is, unpatched Switch 1 users still have no way to coldboot payloads. Their only options are modchip installation and having to smash the stack and inject payloads again on every boot of the console.
Do you REALLY think that we'll get a fully usable software exploit for the Switch 2, running on the same secure HorizonOS with so many patches applied to potential entrypoints under the guise of "stability" so early in its lifespan?
To be fair, with the switch 1 being pretty much destroyed from day 1 - there was little to gain from further exploring potential options.
But - the interest and allure in console hacking is also significantly reduced since the glory times of the early 2000/2010's, consoles have gotten more secure, companies care more amount protecting the hardware and there are more open hardware alternatives available nowadays.
Really what (hardware wise) does the switch 2 have that more open alternatives don't have? Consoles are now about exclusives, not the hardware anymore.
Most security researchers are against piracy, and Nintendo appears to have the biggest pro-piracy community I have seen. Almost every post here, and on reddit that I have seen with people asking about hacking the switch have been about piracy, migswitch and crap. I haven't seen a single post talking about the excitement of doing anything else on a hacked switch 2.
If I was researching the switch, honestly I'd consider it a lost cause for that alone.
Then combine with people like the above, who ask stupid questions like 'hurr durr have you escaped userland in 2 days hurydurydur'
Though if that post was sarcasm, sorry lol.