That's correct. But I did spend a lot of time around Europe on a non-TC 1200ADV. I was lucky enough to be able to get a s/h model without all the electronics. Just ABS and heated grips.
Eventually saw the light. Very rarely travel over 85/90mph and experienced enough to be able to chose when to pass without dropping below 5th gear. So don't need 120bhp or complications of ABC, ESA, DPR, ESC, XYZ packs that will/do cost a fortune to fix. Been there and felt the wallet get lighter.
Big plus is not to be "one of the clones" seen everywhere on a 12. Works for me maybe not for others. Suppose I'm being a bit elitist?
Last week at BMW stealers only bikes were 1150, all the 1200 riders inside had come down in their cars

read into that what you want.