Elite Cowboy Development then? I wasn't really trying to make a distinction about the coders capabilities. To be honest, I think it has more to do with creativity and drive than it does with mad maths or lambda the ultimate forum contributions.

Regardless I don't personally associate negative connotations with this method. I'm sure in some situations it can be disastrous, but nothings perfect and I guarantee there have been plenty of agile disasters as well.