No, that is a misunderstanding of what Paul was saying. And besides... unless you are saying that there are no commandments we are to follow (i.e. homosexuality is no permitted, stealing, profaning God's name, etc.) then you really don't have a point. Because, unless you are suggesting we can be lawless (not obey God) then what you are saying is that we are still to obey God but we all know we fall short from time to time if for no other reason, than out of our fallen nature. That is why we need to be perfected... and until then, we do the best we can as guided by the Spirit through His Word.
We wouldn't have this issue if this had been explained, consistently, as it had been back in the first century. Even the Acts 15 letter does NOT tell us all that is expected of a gentile. Those 4 commandments do not include serving only YHWH, not stealing, not honoring parents, etc. So are the 4 "it" or is there more? Wasn't that just a "starting point" which is why the next verse says that Moses (i.e. Torah) is read in the synagogues every Shabbat? Start with these 4 and then go be discipled? "All Scripture (the Torah, Prophets, and Writings at THAT TIME) are inspired by God and can be used to teach, correct and instruct in righteous living." (paraphrased) THAT is what is expected. Instead... Christianity tried to distance itself from it's Jewish roots... and God's instructions in the process. Return to them and this isn't an issue but we argue over it NOW because only NOW are we opening back up to things we once thought aren't even for us.
To reverse the curse of sin and death. The life of perfection for the lives of imperfection.