I just received my copy of Fast Second, and I'm looking forward to reading this perspective. I completely buy the Fast Follower strategy - its well-reasoned and has a plethora of examples of late comers dominating the market. That said, I'd much rather do something first and dominate the market. I'm not interested in being first for first's sake - meaning I'm not going to trade profits for being first - but, following someone else into the market doesn't get me excited. I'd rather change the world, even if most of the world doesn't notice.
Setting aside my personal inclination to be first, it's not about betting on one strategy better than the other. It's about not choosing either as a strategy. Whether you are first, second, or a millionth, it should be about having something that meets the needs of the market and you can execute on. Period. As soon as I hear the "we need to be first" or the "let's wait until someone else does it" mantra, hairs raise on my neck. Consumers don't reward first or second; they reward on delighting them, period.
I'm looking forward to Fast Second. I generally don't read books that don't align with my thinking, but I'm pushing myself to be more open-minded. We'll see how that works :)