I wouldn't go that far, though I don't disagree with the main jist of your argument. Google is at least trying to combat sold links. Still, not everybody has the ability or time to run a great marketing campaign. Ideally, Google's motto should be "if you build it, they will come."
Until the birth of true AI, Google's algo will be heavily slanted toward linkage data. As it stands, I believe the algo often can't tell the difference between a great article and spam.
[edited by: Halfdeck at 6:46 pm (utc) on Nov. 10, 2006]