"Individuals and interactions over processes and tools"
OK, not terrible, but why not "interactions and tools over individuals and processes"? De-emphasize individual's egos and ritualized processes, focus on the things that get work done and communication between entities.
"Working software over comprehensive documentation"
Tends to make very frustrating-to-use software, because it's never fully working and has minimal documentation.
"Customer collaboration over contract negotiation"
Fine. You'll still need a contract, but it's definitely important have a collaborative rather than adversarial relationship with customers.
"Responding to change over following a plan"
Tends to make sense when gathering requirements, turns into a horrible idea later on in a project. Also fails utterly when working with something like a factory (making a hardware product with embedded software). If your entire view of software is web apps, this one seems like a good idea. If you're making something with a manufacturing deadline, it's a recipe for disaster.