[obviouslygreen]

One problem I have with your second quote is that "speed of iteration," like intelligence of employees, is not in and of itself enough to make the result good for the product. The latter requires that the employees understand the target audience and their needs. The former requires that your iterations are moving in a direction that satisfies your target demographic, and if it doesn't, this isn't just not beneficial: Your speed of iteration becomes directly detrimental to the product.