It doesn't match my experience. We are producing more software, and being a lot more ambitious about the things we develop. The trick is mostly to do with getting good guidance in place and then you can spend a lot more time iterating the product itself. I spend a lot more time play testing the product now and trying different things / refining. However, there is a lot of previous work that's been done to create a huge amount of technical guidance on how to do things. Lots of things on Specification, Design/Architecture/Coding, Performance, Testing, QA testing, etc. I think getting all this guidance/tooling/process in place is critical to producing software.