Thanks for the response. I see where you're going from. I only brought it up because my development organization would fail that part of the Joel Test, where many totally dysfunctional organizations I have worked with would pass. Doesn't pass my initial smell test.
It's easy to see someone jumping in and writing and re-writing code when they haven't thought it through as wasteful. People have a harder time seeing that writing and re-writing specs can be similarly wasteful.