There's a couple of features stripped from current WoW, like mobs hitting harder, regen being slower, gear sets and some other stuff, but essentially, yeah. Dungeons are DPS checks, rotations are three buttons long (if you're lucky) and the hunter loots everything.
It's just a bunch of people who want to relive their childhood (ignoring the fact that they and the people they'll play with are nothing like they were back then) and a VERY small minority of actual, clinical autists who just think NEW BAD OLD GOOD.
That being said, retail is dogshit. But it was always dogshit, is the thing. The fact that people socialized back then doesn't change that. It's a mindless skinner's box just like retail.