Really interesting post about Google Wave from the inside. My favorite passage is this:

And this is the essential broader point–as a programmer you must have a series of wins, every single day. It is the Deus Ex Machina of hacker success. It is what makes you eager for the next feature, and the next after that. And a large team is poison to small wins. The nature of large teams is such that even when you do have wins, they come after long, tiresome and disproportionately many hurdles. And this takes all the wind out of them.

That matches up quite well with my experience. A series of small wins keeps the team momentum running strong. Nothing breeds success like success.