I don’t see it happening

What would it hurt? Viva Piñata is already on the DS... Do it!

If Microsoft wouldn’t put any Rare properties on 3DS, I doubt they’d do so on Switch

Plus every non-Nintendo owned IP that Rare did produce on GBA & DS was published by THQ and not Microsoft themselves. And with THQ going under that puts a halt to this idea from continuing. THQ Nordic is a kind of successor but they don’t publish as many licensed games as THQ used to back in the day.

So the likelyhood of seeing any other Rare games on Nintendo systems is pretty much zero. Microsoft publishing Minecraft on Nintendo platforms is one thing, but I wouldn’t hold my breath for much else since Minecraft was already a ubiquitous brand before the acquisition.

Microsoft said yes to Banjo and Kazooie to appear in Smash Bros is a first step . But full games I doubt it will happen you're talking about a console Xb1 that is starving for first party titles. And I highly doubt Microsoft will cough up those titles to play on a Switch. But I could also be wrong and Microsoft might cough up the games for extra sales and license fees and the games like say Battle Toads Snake Rattle and Roll might sell better on the Switch. Next question would be will Nintendo pay those license fees to have those Rare titles to appear on the Switch.

It’s not that Gen Z isn’t interested in AAA or story driven games, a lot of them simply don’t have the financial freedom to explore. When you’re budgeting, you stick to games that give the most value for the least cost, which is why ecosystems like Fortnite, Roblox, and Minecraft dominate. What looks like a preference is often just economic constraint.