Sure. Another improvement for 5e. Some people still talk about 5e wizards as if they have schroedingers spell though.
Well, a wizard can still be a swiss army knife. They just can't do it all at once.
In 3e, with easy access to scrolls, wands and leaving a few spell slots open, a wizard could make a rogue superfluous and still be a powerhouse in melee.
with 5e, the wizard actually has to switch out spells: so has to kind of have an exploration list, combat list, etc. It's a vast improvement, but the versatility remains (it just finally has some tradeoffs).