I don't think so
Sorry, but I must disagree with you, I think you're talking about the SCJP, if you passed the SCJD, SCBCD or SCEA you will notice the difference. these certifications required a good practical knowledge, not just the java code, not just the programming knowledge, if you'll try to pass these certifications you will need a lot of hours behind your keyword programming real applications.
When I hired new people I always prefer certified and experienced people over just experienced... just because somebody else worked out to test if they really know the knowledge I need, this will let me focus on the other things.
(btw, sorry if my english is not the best, I'm not an english speaker)