Agreed. In my experience, physics majors tend to be excellent programmers, better than many CS majors. Perhaps it's because they're mostly just smart a heck, and that matters more than having taken a bunch of CS courses.
As a physics degree holder, I would counter that. Yes, we are really good at algorithms, and the like, but without a lot of re-education we make terrible developers (I am not one, but I work with a dev group that has 3 PhD Physicists). They write cool code, but are fuck-all at doing error checking, bounds checking, and other mundane things that are important in production environments. Physicists would rather spend hours grooming their input data than have their code do some reality checks.
The one day you'd sell your soul for something, souls are a glut.