Yes, but it complies with European Emissions Regulations which your old one wouldn't have done.
That's why you can't have a carburettor any more (they won't meet emissions), and why you need all those sensors all over the place. They feed the information to the computer, which works out what to do with the fuel supply and the ignition etc etc etc. Since you have a computer in your car's control system, it might as well do as much as possible, so it also tells you what mood it's in, feeds your trip information display, controls the radio, and who knows what else.
It's darned clever stuff. Not for a bloke with a hammer to fix, though.