Sure it happens all the time.
There are really popular blogs which make money with no technical knowledge. There are consulting shops where the CEO gets the clients and others implement the product.
I know lots of companies where the non-technical founder had the domain expertise for inventing and selling a product, but just couldn't build the product.
You want examples? You won't have heard of these, but just off the top of my head: NetBotz, ITWatchDogs, DataCert, Bazaarvoice.
It sounds like the real question is: Is this possible? Yes of course. Don't worry about haughty technical bloggers who despise those who aren't technical.
Just know your limits and trust in your CTO -- you won't be able to argue the technical points anyway. People get miffed with others overstep their abilities.