This was true in my first job out of college. After that I definitely was interviewing the company. I've had the fortune to always be interviewing while having a stable job so I never needed the job I was interviewing for and it's wise to be picky if you can afford to be. There's a lot of risk associated with changing jobs and I do what I can to either minimize that or at least know what it is. I've said no to two companies. One because I got a better offer and another because I didn't want to do the kind of work they were doing which was really only evident after going through their sample project.
