I had a coworker who was big into TDD. He was using it on a disaster project that was way over budget and long overdue. I was sitting in on a meeting between him and the client when he tried to defend the project's status by saying "you don't understand - we've written six times as much test code as actual code!" The client almost punched him.
IMO it doesn't matter what methodology you use if a) you don't have the ability to understand what the client actually needs, and 2) you can't code your way out of a paper bag (or to put it more technically, if you over-architect your solution and then can't solve all the self-inflicted problems you run into).