I didn't say no verification, I would never go into the lab with a design that hadn't been verified. The difference is that you can spend a few weeks to a couple of months simulating an FPGA and then go into the lab and run it in a real system at the real clock speed and get the last bugs. In big systems the bit patterns should be loaded by the software not by serial proms, if a bug crops up you rev the software. Everyone expects software to be buggy so no one blinks an eye if there is a new software release, let the software guys take the blame. In my experience the software guys feel so guilty about bugs that it's hard to convince them that it's not their fault. If a system can't be field upgraded then you have to test the hell out of it but you do that on the real hardware. Either way you are in the lab a full 12 to 18 months earlier with an FPGA then you are with an ASIC.