Agreed. I recall a useful rule-of-thumb that states you should wait until the third time you need a bit of code before packaging it into something reusable. Otherwise, you might be wasting your time.
Seriously though, this article got me to thinking and I realized that why would one live with the smell of copy-and-paste when it's just so darn easy to write a singly reusable function?
I agree with what you in the sense that there's no need to go from what might be a few lines of copied code to a full-blown library or subsystem. But for a small bit of common code not refactoring that out immediately seems to me a really bad practice.