Nope, not the case. May I ask where you read that? It differs from my reading of RFC2616 and my experience.
If the server gave you an ETag though you're supposed to include it in future cache-conditional requests. Section 13.3.4 (http://www.w3.org/Protocols/rfc2616/rfc2616-sec13.html#sec13...) describes the interaction between ETags and modification dates.