I think a lot of people are missing the point, and that's probably at least in part because of the bold claim of the title. The point is that some of the (very most common) conventional wisdom about the appropriateness of linked list has become outdated and wrong in the age of very fast local cache.

It really does mean that in a lot of cases that, say, Knuth's books would have suggested you use a linked list, you really probably shouldn't any more, even if it doesn't really mean you never should.