In my experience, good Product Managers have to be great collaborators, a great Product Manager has to be collaborative and influential. The phrase, "expereince working in cross functional teams" and can "influence without authority" seem to be standard phrases found in a PM job descriptions. I think that it is niave to assume anyone without positional authority can get a job done as if they do, but being able to influence team members is a valuable trait of a successful Product Manager and is often needed to get things done. The degree to which influence is needed is also a vision of how well or not the company is run. In my experience, highly political companies (focus on the micro not the macro) is a great example of this. So it certainly doesn't hurt being a good leader, but it is not essential, and I've even seen it work against those in highly political environments because it threatens others.
Kevin McQueen, "Product Manager", 09.25.2009