Yes, the simulation capabilities these days are pretty impressive, and effective, to the extent that the only thing missing in modern devices is fear, although a clever, demanding instructor can instill that at times.
With the extensive use of the ultimately more economical contract adversary support these days, with all the podded capability to emulate just about anything, why a service operated T-7 or T-45 that you'd just hang a pod on to emulate something else anyway?