I work on enterprise "Line of Business" applications and WordPress has no place in that world.
I'd agree it solves most of the "we need a website" needs. And some of the "we need to be able to sell shit through our website" needs. But not "the majority of business needs".
Though I agree with your fundamental assessment of just focus on how to deliver business value and less on hype. It's true. But I'm going to hazard a guess and say it's possibly more true for some segments of the population than others.