Yes...steel offers no advantages at all...like that it doesn't shatter, or deteriorate with UV, or suffer much fatigue, or aesthetics, or ride quality. After all, I've never seen a CF chain stay break from chain slap, and I've never heard of a frame cracking after 3 years. It's all in our heads, and all bikes should be CF or aluminum. I'm just amazed anyone managed to ride it for over 3 miles.
Thinking CF doesn't have a place, or advantages, is silly. Thinking steel doesn't is silly as well.