I think the thing is, we have no idea how long it would take to release a new CPU board, so it might be valid to get a head start on it. If it takes two years, by then new use cases could arise where the current CPU just won't cut it. I'm afraid it already is a bit short on the video side.
Soon enough many houses will be equiped with 4K screens, especially in the tech enthusiast communities we're a part of. So being able to output 4K from the Pyra's HDMI out would be great. And as more and more software is multithreaded and not requiring high clockspeeds, more cores would also be a nice thing. This is just two of the current CPU's limits, we might not feel constrained by its limits yet, but that doesn't mean there are none.