In fact it is. One can generate a series of random DNA oligomers, plug them into a cassette which code for something like a viral coat protein, and the attributes of the virus are changed. You see, it depends entirely on context.
The problem is that nobody knows the exact context of a pre-biotic or early biotic world. And any joker can pull out paper and pencil and describe a million ways life could not have formed. There's no trick to that. We're not even close to exhausting all possibilities, however, and there isn't a single demonstration of how life couldn't have formed which has anything of use to say about evolution.
If you meant to say that it depends entirely on content, then I agree. It is the data stored by the unique sequence of bases that matters, just as it is the data that is stored in its proper sequence that distinguishes one computer program from another, or one digital song from another on a DVD or CD-ROM.