I was expecting this slidedeck to be a bit more focused on defying Spolsky, and whether or not that was a good decision. FWIW, I've never bought into Spolsky's vision that re-writing code is poor strategy. Steve Jobs never thought twice about ripping something apart and starting over. If anything, code re-write can be an advantageous position -- you often have a greater understanding of the problems you're intending…
I think it's something that's true in general but false in some specific cases. Rewriting involves spending enormous time and resources to at best standstill, and at worst move backwards ( chances are your re-written product will be poorer in features, and initially buggier than your old, stable, battle-tested version). For smaller companies, it is a death knell.