Indeed a bit dramatic. There will be a few users who have sufficient time/money and inclination to switch systems based on one body. Not saying that it wouldn't be good for those users including the nice/pricey Nikon lenses but the number of switchers is likely to be low. Hurting Canon would take a lot more and the only example was even close was Canon's late entry into FF mirrorless bodies.I am being a bit dramatic, but between no R1 and no R5ii until probably next year, people might be moving back to nikon and that could hurt Canon for years.
I believe that any potential switchers would have already done so with the Z9's introduction and competitive pricing.
Newbie buyers having the choice of systems/lenses may chose the yet-to-be released Z8 + lenses vs R5 but the additional features are incrementally small vs the R5.
I can't imagine that there are many willing to start at this level though.
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