Yup, I use both VSCode (for JS) and Intellij (for Java). VSCode is no where close to having the functionality of Intellij Ultimate and I really don't see that gap closing much without some major new extensions being written.
And maybe not the most popular opinion but I still prefer PyCharm over VSCode
Something to consider, VS Code being free means it will eat into IntelliJ's marketshare, even without all the features of IntelliJ. They'll be the people who need the advanced features who will continue buying it, but many people may not need the full suite, and will use VS Code to save money.
The IntelliJ community edition is free as well, and has features galore. (I'm an Emacs guy through and through, but some Java stuff makes me break out IntelliJ)