The point about writing the tests first is that it enforces the requirements and design decisions you are making. When I mod the code, I want to make sure those are still enforced and it is easy enough to "break" something without getting a compiler or run-time error.
I have a test-first approach because I want to have a high degree of confidence in my code. Granted, the tests need to be good tests or they don't enforce anything.
I've got some pretty large code bases that I work on and there is a lot of non-trivial stuff going on. It is easy enough to make changes that ripple and suddenly X happens when X should never happen. My tests have saved me on several occasions from making a critical (but subtle) error that might have gone unnoticed by human testers.
When the tests do fail, they are opportunities to look at them and the production code and make sure that it is correct. Sometimes the design changes and the tests will need to be modified. Sometimes I'll write something that passes 99 out of 100 tests. That 1 test that didn't pass is like a co-worker reviewing my code (in a sense) to make sure I'm still building what I'm supposed to be building.
