It is Apple's style to some extent--which is why they released a smartphone without copy/paste, multitasking, picture messaging, or 3G. And also why they released an MP3 player with no wifi and less space than a Nomad.

ADDED: When you're Apple, it's true you can't really afford a classic MVP. That doesn't mean perfectionism, it means that although you release something limited, you add in something great that's never been done before. The iPhone was the first phone with a multitouch interface. Plenty of people are willing to overlook not having picture messaging, or 3G, or third party apps for something that great. But you have to do something awesome and new--you can't just rehash the rest of the market.