Yes, definitely thought of that way most of the time. But I also think that might actually trivialize this concept some. Because one might say "ok, here's the crappy MVP version, and now that we're out of that one month phase everything after requires very rigorous and careful planning and meetings". I think most projects actually need to just stay in MVP mode. The entire project or product will be forever in a place of high uncertainty. Every feature should feel like it was the minimum we could do.
I'm actually not saying every project needs this of course, but I think maybe most might? Obviously there's huge things I've been apart of, and we needed to be thorough planning step by step months out. But that experience should probably be the exception and not the rule. Minimums the rule.