Wrong. I would love to see more new features on reddit rather than waiting for them to re-write everything. The search function is still somewhat broken!
There is even competition of sorts: http://redditmedia.com/ That site displays thumbnails for stories...why doesn't reddit.com have an extra section or option/setting for that? So many good things could be done if not for this perfectionism bullshit.
Another good story: 37signals took a long time fixing Backpack and finally released a new version. Too late, I had already switched to Simple GTD. I don't get why they didn't incrementally improve things...I bet they've lost many more users due to their slowness.
Perfectionism is paralyzing.