Oh the product team has good ideas for the next decade. The question is how many of them have they actually had a real chance to validate with real users in production? Close to zero, in my experience. That's one reason why you want to be able to change priorities quickly.
(Note: quickly, not suddenly. Bad performance in market validation should never come as a complete surprise. It always slowly dawns on you over the course of days/weeks.)
Another reason for changing priorities quickly is that the specification drawn by the product team happens to be technically very complex because it interacts in unforeseen ways with other functionality, and this is discovered early in implementation.
Basically, in product development, you're constantly running into things that either provide less value than expected, or cost more than expected. That's when you should do something else instead.
Once you have a great idea, yes, you should sink all of your effort and focus into that to get it to market quickly. But the idea is that if you start cautiously and change your mind early and often, you can actually implement the winners with blazing speed later without looking back.