Question from a luddite...apologies ahead of time

Understand...I'm a TOTAL tech dummy (just SEEING code makes me break out in hives), but I'm intrigued by TF. Tell me if I'm understanding what it's capable of correctly:

I understand TF to be a robust framework to build a custom theme on, like Thesis, but that one can construct the theme in a simple visual PnP way, i.e. no code...basically simply "draw it up" and assign what you want something to do, and TF does all the techie code stuff behind the scenes, and the theme created will be functional with the WP backend, just as though I had downloaded and installed an existing theme like Atahualpa or Suffusion.

Is that right? Can it be that simple?