Do you think that's an accurate assessment?
Your assessment is not too far off. Live Tiles is a more elegant way of handling widgets.
But most widgets are not very interactive, they are more like app preview snapshots, with a tap to launch the app.
Live tiles are "free", they are the same icon that you would use to start the app and the look and feel is more uniform and rearrange between them in a more convenient way.
Also you can pin a lot of app specific items. For instance, from the people hub I can pin a tile of the whole app and/or pin specific people, and when you do that the tile itself seems like a different app. In my wife's tile I can see whatever she posted on Facebook or twitter, and also it serves as a shortcut to publish something on the wall, or to call or text her, it's just very convenient!
I'm curios, I haven't used Windows Phone, what's not comparable?