This isn't absurd at all! High temperatures may not kill the processor itself, but may alter the other components (connectors, memory, other elements on the motherboard, etc). So high temperature may have a long term effect on the lifetime of the whole computer. And since you can't repair/change anything in the Silicon Macs, if an element is getting some fatigue and just breaks, your whole computer is good for the trash. And this will happen always after your AppleCare warranty! (it's calculated by Apple's engineers)
Also, getting lots of temperature variations inside the computer (low processes, suddenly followed by some intense processes) will produce stress and material fatigue in the long run. So this is important.
Temperature readings are a good measure of the ventilation efficiency. Saying the computer is loud/noisy or silent doesn't say much, except for the psychological confort of the user.