No, it's not. If going for managed services: A load balancer + an asg is stupid simple to setup and it just works.
Level 2) you pack your software into an ami and use the update the asg config. You can periodically "drain" the asg of old instances
Level 3) you deploy your stack again with the new stack having the ami that you've build at level 2 referenced. You start shifting traffic between the old stack and the new stack. You monitor and rollback if something is wrong.
Now you've got automatic, constantly updating VMs every night if you want them. And a new deployment is just commiting code to master and pushing and that whole pipeline triggers for you.
People like to overcomplicate things, Mirceal. You're on the right path :-)
But to answer the question, VMs have been a thing on the desktop for a very long time.
we also live in a world that does not appreciate well crafted software and a lot of things are driven by the desire to build a resume. I've maintained code that was decades old and was amazing to work with and was still generating ridiculous amounts of money. I've also worked on code that was just written and used all the possible bells and whistles and development speed grinded to a halt once the it's been around for more than a couple of months.
My worst case scenario is having to work on code where the original developer didn't understand what they were doing and they just wanted to use X. Double the trouble if they didn't master X when the thing was put together.