I am working in an organization that is focused on doing quick,
lightweight usability research, especially once the work has a good
foundation: bringing a design into a coffee shop, for example,
running 5 quick (15 minute) studies, making changes, showing 3 more
people the next day, etc.
In this model, I've seen things get revised and re-tested 10 or more
times.
At the same time, there is a formal research organization that would
like to have all the results organized and indexed so they can find
them later.