I'd love working with programmers from anywhere in the world that are talented. The problem is that the there is a wide talent pool willing to work for bottom dollar which middle management teams can blame later for their failures.

It's a signal-to-noise issue that I hope fleshes itself out because stereotyping of this sort is bad for the industry as a whole. You _CAN_ hire a fantastic team in India to write your software and help you build a great product. Will you? The numbers say 'no', at least right now.