I would rather hire good technical people with solid basic technical skills. They may not have the experience on the specific technology, but I would be confident that after a week or two of ramping up, they would probably be more productive than someone who has the specific experience, but poor general technical skills.
Unfortunately, employers with your common sense are outnumbered by those who are looking for ridiculous requirements. This forces people to lie about their qualifications. I've known people who have done it. They get hired. The employer realizes they did not get what they bargained for -- and sometimes lets the new employee go. Then the employer comes up with other ridiculous hoops, such as personality tests.
It has gotten bizarre. It doesn't even have to be poor technical skills. I applied recently for a position that required four previous implementations of Oracle Financials, including two of Project Accounting 11i. I have three previous implementations with two in Project Accounting, one of which was 11i. I never received a call.
Of course part of the reason for the ridiculous requirements is so that employers can claim that no Americans are qualified, therefore they must increase the number of H1-B Visas.
I will say this to anyone, and I know it's easier said than done, but you have to network so that basically you can get a job without having to interview. I do presentations for local user groups, and I have gotten several job offers based on doing those presentations alone. Get a blog, and start writing about unique technical skills that you have, this is the way to go.
I do believe that these people simply aren't serious about hiring someone. They are fishing for the big one rumored to be in this lake, and they are just wasting their time and anyone who expects them to be reasonable.
It is hilarious to read some of the lists and experience requirements, you can just about add it up and realize the person would not only have to be eighty five years old, but also won't exist for fifty years.