Well-said, Spencer. There are some companies out there that don't get entirely caught up in experience and degrees (my current job being one of those) and will hire a less-experienced person if he/she shows a passion for the industry.
The "lack of experience" for me is always a cop-out for companies. How can one gain experience without being employed for said job? Silly to just dismiss someone that's just starting out or who has decided to make a career change.
Give me someone that has passion any day over a curmudgeon that's been clearly jaded by the industry.