Generally, yes. There are a lot of hard decisions out there, where even if there is a right choice, it is only obvious in retrospect. This isn't one of those cases. The engineers involved knew it was a bad idea. They were so convinced it was a bad idea that they defied their boss to ensure there was a backup plan. And they were right to do so.
Jobs had to admit he was wrong. Good for him. But this story is silent on the question of whether he took the next step: figuring out how he was blinded, and why he made this mistake so that he would not make the same mistake in the future. Some mistakes are inevitable. Many are not.
Unfortunately, you've just missed the hundred other cases where Jobs was correct and persevered. People will always be wrong, this doesn't show anything about good decision making or bad decision making because you can find examples of both in everyone. It does show a little bit of humility on Jobs part though, which I think was the point. Arguing about the merits or demerits of the decision itself is irrelevant IMHO.
I wasn't trying to slag Jobs. I was responding to someone saying that this specific instance was an example of "true leadership". I disagreed. The hundreds of other instances where Jobs did indeed make the right decision are irrelevant as to whether this particular incident was one.
Jobs had to admit he was wrong. Good for him. But this story is silent on the question of whether he took the next step: figuring out how he was blinded, and why he made this mistake so that he would not make the same mistake in the future. Some mistakes are inevitable. Many are not.