As a blanket statement that is actually true.
The Original "Street Fighter" (SF2 and all it's incarnations and SF4) series are more basic, but still good examples of fighting games.
Compared to even SFIII Third Strike it's a technical step back. FAs do not equate to parries and due to this you are limited in what you can and can't do within the scope of the game, but this is truly a discussion for another thread completely.