I think it does a disservice because it overlooks the fact that
people have figured out how to solve these problems.
All engineers are human. Whether you are working on a space shuttle, an airliner, a nuclear power plant, or an iPhone app, you are a human. Humans make mistakes. Humans overlook things.
So how do we engineer really complex systems with hundreds or thousands of lives at stake to an exacting standard - knowing that the engineers are human?
The answer is to build a process that catches mistakes. I don't think software engineering has really caught up with mechanical engineering in terms of process.
I know a lot of guys who love to wrench on cars. They swap parts, add horsepower, change out the suspension, etc. They can build a really fast car. But that's not mechanical engineering. They are mechanics.
In a lot of ways writing software is like that. Glue together some libraries and APIs the same way a tuner supercharges an engine. But that isn't engineering.
Obviously we don't need the rigour of the space shuttle to make an iPhone app, but if your application calls for that complexity (or your budget/liability is large), then you need to bring in the process mechanical engineers have been using for the last 60 years.
That means multiple people checking all the code. That means a well planned out arrangement/architecture. That means testing the individual parts thoroughly and the whole system together. And it means very specific configuration managament of every dependency.
It's not impossible, it's just not the willy-nilly fun part of hacking stuff together. It's the ugly paperwork inducing lame part of working in a big company. But that process if done correctly helps catch mistakes.