I have heard people say that. Everything that needed changed or serviced before though will still need doing.
A general guide for the areas not covered by P1 and P2 is
Spark Plugs should be changed at 5 years or 54,000 miles
Front engine belts should be changed at 3 years or 36,000 miles
Antifreeze should be changed at 3 years or 36,000 miles
Transmission fluid should be changed at 3 years or 36,000 miles
VLSD fluid should be changed at 3 years or 36,000 miles