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Sounds pretty right on, in my experience. Though I'm far less knowledgeable about hardware and OS stuff than Cat or Ian, I can vouch for the mgt attitudes you describe. In fact, I worked for a company that purposefully left bugs in and then charged the customer to fix them. I would have left them sooner for such unethical practices but they paid top rates. I couldn't take it when they wanted me to lie about it, though.
The apps I'm familiar with also do a Lot of reads and writes with a large number of concurrent users so speed was of the essence and . . .
Ok, we have a thunderstorm moving in so I have to go and unplug. Maybe I can elaborate later.
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