To answer the question directly: no, but maybe.
Long read ahead warning!
To set thing straight, I am a sucker for all things physical, because I do not believe in the eternal lifespan of the Switch itself.
Price for dev kit / SDK = 50,000 yen
Game Carts? 1GB/2GB/4GB/8GB/16GB/32GB - from what I am told, 2GB carts costs more than publishing a PS4 title that uses bluray!
… and then you have the development/production costs of the actual game.
I just want to put this here to exclude some trendy publishers who “publish” game cards on 1-4GB carts, and make you download another ~12GB upon insert. No, I won’t buy them either. And keeping these carts are of no use if one day, Nintendo Switch Online turns into dust.
Given the history of how AAA game prices have costed in recent years. The only reason I see here that attributes to “higher cost” game carts, is because Nintendo insist on using their proprietary game cart tech and wants a slice of the game sales. For this reason, no I wouldn’t pay more.
On the other end, in light of rising costs, if the game developer convinces me that “hey this is a FULL game. No DLC at day 1! This is the real deal!” and wants $20 bucks more, sure! In-fact, bite me!