There are so many variables that the "rule" is pretty meaningless. A bit like max heart rate really. If the rule tells you that the cushioning in the shoe (that it can't see) has gone, but you know from actually being there that it hasn't, and that there's a decent amount of outer sole left, and they're holding together and they're comfortable and not causing you any problems, then the rule is clearly wrong.
My Nike Zoom Elite have started showing a little too much midsole peeping through the bottom of the outer sole after 949 miles, so I will most likely replace them the next time (/if) I see a pair on special offer. They still feel fine to run in though.