Hehe, nice quote.
I don't think the waterfall model is about one hit or miss at all. One goes through several cycles in one development cycle. Maybe that is not strictly the doctrine of the model, but in my professional experience it works like that. One never just does one hit or miss run.
Honestly, I've been in the business for quite some time now, but never have I seen it applied like that though. Wouldn't make sense to me either.
Anyway, not saying I don't agree with you. I just see the waterfall model as a dynamic one. One run per iteration, and yet, one should have several itterations per project.
Btw, nice to run into someone who's a bit more into the theory behind the developing as well.
Kivech
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