[programminggeek]

Um.... no.

If by innovation you mean the invention of totally new and interesting things, no. There are plenty of new and innovative ideas/products that come from an agile/lean process.

What people are glossing over is the fact that building things is hard. Inventing things is hard. Changing the world is hard. It takes time, effort, the right people, the right timing, the right placement. Agile or waterfall don't matter. People do.

Smart, driven, clever, brilliant people are never going to be the majority. The majority of people are not above average. Expecting a large portion of people to become continuously more awesome every generation is insane.

Not everyone is going to be a winner. Most people aren't exceptional.

No amount of process of any sort can change that.