You are absolutely right. I used to be all about the ideas and think it was all about ideas, it'll be hard to explain here in few words but I think ideas are worthless up till a point.
Yeah, the startup process is heavily weighted towards execution, but if you have a stellar idea - and let me just say when I say "idea" I really mean "model" - then sure its got worth. If you know of a stone that nobody's overturned, and hell there's plenty of them you should sure as shit sit on it until you've got a flag ready that you can put in it.
But that only counts if its unique, if your going to build a "OMFG we have a startup that lets you post a 200 CHARACTER status about how what your eating makes you feel" then perhaps the idea might be "worthless" - because thats clearly a business that will make or break in its execution.
So yeah, I agree.