Micah,

Yes, a lot of companies go in that direction. I call those Maximal Voluminous Products, where people lard up a MVP release with way more features than is necessary. I’ll be writing about those kinds of MVPs soon.

I have seen, however, an overlap between these two kinds of bad MVPs. Some Maximal Voluminous Products have tons of features — and they are often all half-way done. Instead of shipping a true MVP with every feature done at a really high level, but not that many features, companies will ship every feature but all partially completed.