My plan is to add functionality--initially realtime collaboration--and then comments, tasks, assigned users, point/time tracking, etc. but make all of the features opt-in and customizable.
I consider this the real minimum viable product. Just a list of items. Priority represented by position in a list. Status respresented by WHICH list. An unobtrusive backlog. An accessible archive. I want people to be able to use it at this level of simplicity a year from now.