Actually, this isn't an insightful new take on MVP.
It's actually a link to What is an MVP, by Eric Ries, the author of The Lean Startup.
If you don't know what an MVP is, stop reading this - and read Eric's article. It's the OG. It takes 15 minutes to read and understand. There's a video.
If you don't have the time to read and understand this, you don't have the time to build an MVP.
While you're at it, read The Lean Startup. Building a startup in Perth but can't afford a copy? Get in touch, and we'll give you one.