I think the public's psyche, at least here in the U.S., requires 200+ miles of range for large scale adoption of EVs, even if actual usage patterns don't require it. I think there's sort of an instant emotional reaction to a 100 mile range as a downgrade, something taken away (even with battery swap, for some people some of these feelings might still linger... "I want to just be able to get in my car and go... I don't want my freedom cramped relying on Tesla and their network...").
By the time EVs firmly have mainstream adoption, I think we get to JRP3's timeframe where packs with 400 or 500 mile range are as affordable as ICE cars. So, in places like the U.S. I don't know that we'll ever see the more logical 120 mile pack with swap option (and to JRP3's point, it may not really be more logical as if I understand correctly, the packs involved would use as much resources to maintain the quality of driving experience Tesla's batteries are offering).
Things may be different elsewhere. In the "developing world", there are (and will be growing numbers) of people who'd love a 100 mile range car swap capacity or not. The psyche problem of a seeming downgrade to Americans to take a car with 100 miles range, wouldn't seem to be nearly the issue for large groups of people for whom any car is an upgrade.