No its not.
my last website had the following features:
multiple content types, backed by private/public file system hosted on s3, UI to configure fields and directories
(got all that setup within a few minutes)
out of the box SE-Friendly urls with a UI to bulk manage the content
(few minutes to install and configure pathauto)
Rich text editing using ck4, with a great UI to configure and excellent HTML purifier library to filter text.
(few minutes to configure and install wysiwyg, ckeditor, and htmlpurifier)
Excellent account management / user profiles / roles/premissions out of the box
Excellent Categorization system, out of the box, with configurable widgets on the front/backend
revision control out of the box
comments out of the box, add spam protection/flood control in minutes
Custom views with configurable pagers and designs
Cool image management out of the box
Caching with memcache, apc, and boost , takes less than 2 min to enable
unlike wordpress Drupal is very portable, I personally add the db dump to the files and push them to the server then import the db as needed. everything just works perfectly, move your website to a subdir, or change the hostname, it will still work no need to do anything.
I can go on and on describing many of the excellent modules that you can get using just drush dl <module>, but I think I'd better write a full blog post about it instead. Hopefully will do that in a couple of days.