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It’s heavily rumored that Microsoft is working on their own handheld, and it will be interesting to see how that shakes up the market. If microsoft just makes windows controller/handheld friendly, it will greatly improve all the windows handhelds.
However I strongly suspect that we’ll instead see the microsoft handheld be locked down, only able to run microsoft store games. It’ll still probably do better than all the other non-deck handhelds that way, but won’t really be a handheld “PC” if locked down that way.
Third possibility is that Microsoft might do both, release and locked down handheld and release some lesser improvements for navigating windows with a controller. This outcome would make sense if they have different teams working on both at the same time.
I do think that the future of handheld devices is ARM or RISC-V, but the software support isn’t there yet and would severely limit what could be played.