Not necessarily. Hiring processes aren't just designed to identify good candidates. They're designed to identify good candidates who want to work for you.

Someone who's highly skilled but only marginally interested in what you're doing will probably be a worse employee, over the long run, than someone who's marginally skilled but highly interested in what you're doing. When you let the ball drop in a hiring process (as I did when applying to FriendFeed, sigh...ah well, maybe it was my subconscious telling me something), you're saying you're not really all that interested in the company.