I don't think so.

This is anecdotal, obviously, but the talk of fizzbuzz and for-loop is all myth to myself and friends. I'm very skeptical of all of the for-loop or fizzbuzz programming exercises. Additionally the recent CS graduate I knew had to do things like implement http://en.wikipedia.org/wiki/Levenshtein_distance and such which makes me doubt the validity of these more. How could it be that one place is asking for that and turning him down with a working solution while another place is so desperate they just require a for-loop? Something doesn't feel correct.