I agree. I just don't necessarily think that you need that level of interaction for a status meeting every day. OK, maybe some teams do.. and I can see why some people might prefer it. But my experience has been that it's overkill.
That said, different teams, different cultures, different situations, could definitely dictate different approaches.
My biggest gripe with the daily meetings is that they force a context switch that somehow seems to always come at the most awkward possible time, no matter when you schedule the meeting. Requiring lots of face-to-face meetings also runs counter to the idea of having distributed teams and a lot of "work remotely" flexibility, which I also tend to favor.
But, again, YMMV.