Yes, but the flaw in that reasoning is that lack of article does not mean lack of notability. In most cases it's probably just that no one can be bothered writing the article. I normally agree that it's much preferable to link to the article about the website - but if there's no article, do you redlink, weblink, or not link? The idea of creating 12 stubs about websites of perhaps borderline notability makes my stomach churn.
If there is no article, but the website is notable, you have a choice of redlinking, or making a stub. Either is good.