Good product design is not based on personal preferences, it's data/usage-driven. Having an unused feature is bloat that takes away important dev/QA resources.
Depends what you mean by "the product". If the product is a content platform where the main purpose is serving ads, then I agree. If you're trying to build a "bicycle for the mind" that actually empowers the user then removing seldom used, but useful features will kill the thing. I can imagine what A/B tested Vim would look like.