Agree with this. Personally, I think the crucial point is to respect an individual as an individual, and to respect their right to believe whatever they want, however stupid I might find the belief.
However, I don't think the requirement to respect an individual as a person, goes further than that and requires me to respect their belief system. I find the concept of homeopathy pretty ridiculous and don't respect it as a supposed branch of medicine, but I have no disrespect for practitioners and users of homeopathy as individuals
Similarly I respect people of all faiths and none, and people of all races, but I do not respect pretty much any religions (because of their antiscientific, anti-rational belief systems), and my disrespect for those religions is greater, the more inflexible and proselytising their doctrine is, and the more they want to impose it on non-believers. So I have pretty much zero respect for Islam in most of its forms, and variable degrees of respect for other religions (in the Christian world, Quakers generally cause me fewer difficulties than born-again evangelists of the type found in the American mid-west, for example; and some varieties of Buddhism seem pretty harmless, if a bit flakey).
And, although I also tick most of the other 'lefty', 'liberal', 'PC' boxes, I also have no problem with identifying myself as Islamophobic in the strict sense of the word (i.e. phobia meaning 'fear'), as I confess I am pretty scared of Islam as an irrational, doctrinal belief system, which is capable of being used to justify the kinds of act seen on the streets of London yesterday, as well as all of the other stuff which is oppressive of women, gays etc..
