Of course not.Your feelings are just as valid as your partner's. If you're not ready, you're not ready. If he can't accept that I'd seriously consider ending the relationship.
However, why not try simply explaining things to him the way you did to us? It sounds like you really do care about him but simply aren't ready for sex right now and there's nothing wrong with that. 
A few articles you may find helpful:
Ready or Not? - The Readiness Checklist
Safer Sex... For Your Heart
Ten of the Best Things You Can Do For Your Sexual Self (at any age)
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"Don't you know about the new fashion, honey? All you need are looks and a whole lot of money." -- Billy Joel, "It's Still Rock and Roll to Me"
[This message has been edited by ookuotoe (edited 01-06-2004).]