I understand how some people may not think content is king. However, with out content search engines would never know what pages were about. Without content e-commerce sites would never be found. If it wasn't for people writing content about everything from how to's to news the Internet would be useless.
The Internet is driven by content without it it would be a sea of images.
Content is king. It isn't the content that is the problem. It is what search engines decide relevant that is.
SEO is good because without people knowing how to optimize search engines may never find content that is important or useful. So, I feel content is important in every way shape and form.