First let me say I am a pretty new RN, with a BSN. I work with many experienced ADN nurses and even a few diploma nurses. They are 10 times the nurse I am right now and I count on them and learn from them everyday.
And I know some new grad ADN nurses who are very bright and are just as good if not better then me.
However, if I was hiring a new grad in any profession and had to choose between two people with every other variable being equal I would choose the one with more education. Someone with more education is more LIKELY (it certainly doesn't always work out in such a way) to have a broader perspective on the world, the way a business (such as a hospital) is run, be able to relate to a wider variety of people, keep themselves healthy, continue to enhance their education, etc. They are more likely to help keep the business going forward and improving and help in solving problems outide their immediate job duties.
As a nurse, why wouldn't you want your profession to be more educated? Especially if you believe too many nurses are being churned out.
And the NCLEX??? Not to pick on you because I know others have said the same, but passing the NCLEX does not make everyone equal. Passing it sure doesn't mean you are going to be a good nurse, and failing it doesn't mean you won't be a good nurse (unless you never pass of course).