That's your take on it. Me, I would add "transformed self into a beast with an Intelligence of 2" to the list of things that break concentration. Others may consider the self-transformation worthy of a DC 10 Con save to maintain the spell as your frame is wracked and warped by magic. So, make sure the DM buys into it.
Actually, I think that it is pretty much WotC's take on it as well.
The spell section states that targets can be the caster unless explicitly stated otherwise. Polymorph does not state otherwise.
The Polymorph spell states a Duration of Concentration, up to 1 hour.
Concentration rule states nothing about losing it if losing intelligence (and even Feeblemind states that the creature can identify friends, follow them, and even protect them).
The Polymorph spell states that the creature retains its personality (and alignment).
Granted, an Int 2 creature would not be able to use a lot of thought, but it would still stick with its friends, help out in a fight, etc.
So yes, you could screw over your player as a DM, but RAW and RAI seem to indicate that WotC thinks that self Polymorphing is a viable option. Not necessarily a very good option, but a viable one. If the rules allow for it, why screw over your player? It's not as if this is so much more powerful than casting other spells.