Getting ready to do a December “Bug Smash” based on the model in the book Shape Up. Whole team has been eagerly awaiting it for months.
It depends on the stage and size of your team and company of course, but for us the result was more predictable delivery and happier, more-engaged developers.
For anyone curious to learn more: https://basecamp.com/shapeup/2.2-chapter-08#cool-down