> Rewriting involves spending enormous time and resources to at best standstill, and at worst move backwards ( chances are your re-written product will be poorer in features, and initially buggier than your old, stable, battle-tested version).
There is plenty of evidence that this has happened in many places and with many companies. A very real scenario that's played out before.
I'd say those scenarios were not well-executed. If the outcome of a re-write is "standstill", the re-write is pointless. There is no justification for proceeding with it.
However, if "standstill" equates only to user-facing features, chances are the re-write is to address critical issues elsewhere (I get the impression that was the situation with the OP.) In that case, "standstill" doesn't apply. It's simply a matter of deciding whether or not the effort and risk justifies the reward.
To my main point, Spolsky's hard-line essentially says re-building your application from scratch is bad strategy. I think it is short-sighted to draw that line. I prefer to exercise judgment and draw on the resources at my disposal for the given situation. I presume many others do as well.
