That is an interesting take, Laced, and one worthy of debate. Personally, I value team play over individual play. These are my reasons. First, soccer is a "team" sport. Teams perform better when all players are involved. Players have more fun when all players are involved. Team spirit and team retention is higher when players bond as a team. Having a "team first" mentality improves lifelong cooperative skills and develops social intelligence.
If you have one of those 1 in 100 kids who outpaces his opponents by miles, then my suggestion is to put him on an older team. I think he will improve his game by competing against older players to a far greater extent than he would by just running over and around kids who cannot keep up.
Consider what you are looking for in the long term. The US Men's National Team adds about 10 players to its roster pool every year. Not all of them play. For the 2013/2014 season, USSF says that 3,055,148 kids played, not counting AYSO and non-affiliated programs, about 52% of which were boys. If your son is, say, a 2005 player, he is in a USSF pool of about 250,000 boys. His odds of making a USMNT roster pool for a 2005 player is 1 in 25,000. Statistically, after rounding, that is 0%.
For most families, the "team concept" values obtained by playing on "team oriented" teams will have a far greater impact on a player than being the most-dominant player at age 11. Perhaps that is why some of us backward Americans believe "team-first" is a better approach than "train the star, not the team."
Finally, I can't accept your basketball analogy. In the NBA, you may have a point about it being a "star's league." The NBA alters the rules to help increase offense, and therefore creates "stars" as a matter of policy. In college and all lower levels, most championship teams play a "team-oriented" style. Look at the UCLA teams in the 60s and 70s, and the Indiana teams in the 70s and 80s. Look at the North Carolina and Duke teams since the 80s. All these teams played zone defenses and motion-style offenses. (True, though, they also had a lot of star talent.)