Even this more streamlined version of scrum is still way more heavyweight than the CMM process at a previous company.

It also doesn't help to expose any more information.

I just don't get how people can praise scrum as a better process for large scale development. Capers Jones metrics even show that you need a hybrid Agile CMM process is really needed.

If you add up the immersion start and stop times with the standup times, you are wasting a lot of development time daily.