If SEGA returned to the console market, could they make it alongside the big 3? (Xbox/Ps/Nintendo)

SEGA comes back to the console market with an announcement of a new console. With that being said, all future SEGA made games will be exclusive. Like a Dragon, Persona, Sonic the Hedgehog, Shin Megami Tensei, Phantasy Star, Shenmue, Alex Kidd, ToeJam & Earl, Virtua Fighter, Super Monkey Ball, Crazy Taxi, and many more games enter production or return to production.

Hardware would be on par if not better than the likes of Nintendo (either more powerful but not portable, or just as powerful and portable like a switch) As that is their most likely closest competitor. Complete with their own gamepass/ps plus style membership with all Sega titles available from retro to current.

Could SEGA actually stay afloat in the console market? Would the exclusives help a lot? What else would it need to bring to the table?