Yes, it really does.
I've been considering "dumbing-down" my phone, as I really don't need or use all of the "gee whiz" functions on it, and like you say (paraphrasing): "phone, a bit of texting, and a camera". I hardly ever used it for the internet, as the screen is too damn small, and my eyes ain't what they used to be...
What really hurts is losing all of the pictures that are (were!) on it. I don't do The Cloud thing, and I hadn't backed-up and/or downloaded my photos in quite some time...
It's my own damn fault, and losing all of those photos is a helluva lot more expensive than any replacement device is going to cost me.