Hah, this is me right now. Architects sold the business on a pie-in-the-sky grand vision, and teams are now busy implementing it even though its value is almost certainly a net negative. (Replacing something currently working with a highly over-engineered "platform" solution-for-all that will end up requiring heavy customization for each client.)

On the plus side, it keeps me employed.

We are either all on the same project or this is a common outcome ;)

This is the most common outcome from people wanting to make their resumes look "good".

The unfortunate situation is that continued employability in this industry almost requires a certain amount of resume-driven-development. It's much harder to get $newJob when your resume is full of stale tech from $currentJob.