Nothing wrong with no having a red ring. It doesn't automatically take better photos. Nor does having the latest and greatest digital SLR camera either. Putting a $10,000 camera setup in someone's hands who really isn't that skilled, will not bang out photos better than someone with a 6 year old setup that cost $200 tops used, but has very good skill and knowledge of light. Good equipment is nice. But most of what makes a good photograph is not the gear. It helps. But it's certainly not the biggest factor at all.
I think mid-tier equipment is where the value is at anyways. It lets you experiment more, grow skill, and determine where your big purchases will go eventually when you actually have the knowledge and experience to know it's worth it for your photography.