It's a cultural one. If someone tells me they work on an 'Agile Development' team my immediate perception is that they are a culture of cargo culting and bike shedding, without putting a ton of thought or care into their product, process, or users. These systems are designed to maximize output, not the quality of the output.
Management is likely out of touch with the demands of creating a high quality product. This leads to misalignment with the development team and probably the business needs. Most businesses need a higher quality product than they have. Some don't, though. In those circumstances it doesn't really matter - I recommend avoiding these places like the plague.