If they are following a rigorous testing scheme then it is easier to do all the tests once as opposed to many times (with each update).
Rigorous testing scheme? In all seriousness, that would be a change from the process they seem to have employed in the past.
Given the serious problems, I'd vote for more frequent, minor, bug fix releases. The team that does this code hasn't demonstrated that they can even do a quality release yet. So holding off for that ideal pie in the sky release seems like an odd way to go. Hope they surprise us.
Most MT users probably have adequate functionality at this point, so M-Audio are probably not rushed to release updates.
The number of bugs in this thing when it was first released would barely qualify it as an alpha product. Given the number of problems with the current firmware, I don't really even consider it beta. A normal beta has obvious issues resolved. It doesn't take more than a couple of minutes to find bugs in the MT and serious omissions in the documentation.
Based on reports here, a significant percentage of recordings are still being lost.
I'd get an R-1 except it looks like that firmware will Never get updated (2gb fix)

(hugs 722)