Its no different in finance, healthcare, genomics etc. I'd love to work in a setting where I'm paired with an SME product manager in a domain I have no clue about and they respect my work and I respect theirs and we are partners.
This is one of the biggest factors that made software/internet companies explode. They respected people who build software. They didn't need to. A bunch of MBAs could have easily just decided that the best way to run the company was to treat the people building the product as a cost center. Many did. I think that's probably one of the reason for the lack of innovation and down fall in many old tech companies like HP/IBM.
The ones that treated SWEs properly and valued them accordingly, did very well.