[carlmr]

My experience as well. The key point here is the incremental part. This works especially well if you're adding regression tests incrementally as well. This necessitates a certain modularity & testability in the legacy project though, which often isn't the case. There's a certain threshold in technical debt (depending on the size of the project), at which point a complete rewrite may be better.

For most of the other projects Working Effectively With Legacy Code by Michael Feathers contains a good approach for slowly modularizing and testing the system, before exchanging parts.