Yes, absolutely. In fact, IMHO any pilot who doesn't see his hand flying skills as cornerstone to his worth as an aviator needs to re-evaluate what he is doing operating an aircraft.
Let's not forget the real reason why pilots are in the front of that aircraft: to get everyone on the ground alive in the event of an emergency. Any idiot can learn to program an FMS and babysit it while it flies you through the national airspace system. Despite what many 121 guys say, learning an FMS, FGS, glass cockpit, or whatever avionics you want to discuss, really is not all that difficult. It may be the key to successful day-to-day operations, but it is not even close to being your main purpose on that aircraft, nor the most important skillset you possess as a pilot.
It's airmanship that allows a pilot to cope with an emergency and actually fly the airplane when systems are inop, parts of the aircraft are missing, things are on fire, etc.
It is one thing to be able to "make it through training" and successfully operate on the line. It is another to have the depth of experience, judgment, skill, and airmanship to be able to save yourself, your crew, your passengers, and your ship when the chips are down.