Visual Studio 2013 Update 4 removes the validation, however it does not include IntelliSense for AngularJS.
Support for custom elements, polymer-elements and attributes
We no longer validate unknown attributers for custom elements as there
will be many custom made tags in different frameworks. So there will
no longer be squiggles under the unknown elements.
— Announcing new Web Features in Visual Studio 2013 Update 4 RC
Download Visual Studio 2013 Update 4.
Validation is only removed in the HTML editor, not the HTML (Web Forms) editor. This means that, by default, .html files will not have custom element validation, but .aspx pages will. If, like me, you don't think this makes sense, show your support by voting for custom elements in .aspx files.