Watching two people both waiting out of distance, hoping the other guy twitches first is only dramatic in Kurosawa movies. For sparring, it's a lot like pulling closed guard and clinging really tightly in BJJ, hoping the other guy will give up and go away.
I have nothing against feints done right. I'm totally for trying to steal the initiative with footwork. I'm only slightly annoyed by one handed shots out of distance when you don't have to care about edge-alignment.