I quite agree.
Hypothetical situation: You are tasked with recruiting a new CEO for an airline. Would you:
A: Hire someone who had run a very successful airline for 8 years, but has no degree.
B: Hire someone highly qualified, but with no track record in the industry.
To me it's a no brainer, but it seems there are many here that would rather hire the unproven quantity solely because they believe that not having a degree makes you automatically incapable. The world is changing rapidly, though, and even companies like Google have discovered that this is a fallacy and have de-emphasized pieces of paper in favour of demonstrable skills, knowledge and work ethic.
It is a fallacy that not having a degree automatically means that you are uneducated or stupid. I know of highly educated, intelligent people that did not formally study for their fields, especially in a field like IT where much of what you learn in a formal academic environment is old history by the time you graduate.