Sorry, but it simply is not true. Lets start with 4130 (since you didn't spec the type of steel, 631, 853, Nirvcom, S3, etc.) for the steel and say 6061 Aluminum, and build the identical frame, same size tubing, same wall thickness, same geometry, everything. The steel frame will be nearly 3 times stiffer than the aluminum one. In fact it would ride like a girder it would be so stiff.
I have ridden steel bikes that are rock hard, and currently ride a aluminium framed hardtail that rides nicer than most steel frames (Titus Riddler made out of 6069). Material does not dictate the ride.
Since steel and titanium are stronger than aluminum, they generally use smaller diameter tubing, with double, and sometimes even tripple butted tubing, and thinner walls.
Also, steel and Titanium ride differently than aluminum, so geometry makes a HUGE difference here as well.
I have an aluminum Gary Fisher Mt Tam Hardtail (Easton Elite 6061 T6 Aluminum tubing) that climbs like a mountain goat, and is an AWESOME bike for XC style riding. Point it down the hill though, and the long top tube and short rear triangle make it REALLY sketchy to the point of being scary.
The ride is also VERY harsh on anythign but hardpacked dirt, and smallish gravel.
My 'big' bike is a Transition Dirtbag, which is also 6061 T6 aluminum, and has 7" of suspension front and rear. This bike ROCKS going downhill, but climbing is seriously an afterthought...
IF you're going to spend alot of time in teh saddle, I'd consider a high end steel or titanium hard tail.
If you're only going to use the bike occasionally, a 7000 series aluminum hard tail will suit just fine.
It's all in how much you want to spend, and what kind of riding you intend to do.
Personally, I won't own another aluminum hard tail.
My next hard tail is going to be either a steel or titanium 29er.
