No, this is like the argument suggesting that Christ did away with the law, which he did not. But as he explained, he did not come to do away with the law and the prophets, but to "fulfill" it. Likewise, a would-be literal thousand year millennial kingdom explanation, does not mean there is none exactly according to the scriptures...but rather that it explains it in its true spiritual meaning.
First of all, time, is made up, "created", even proven non-existent by science. So...just as all things manifest by God to declare them to men in their sight, time is merely a form of media which has no literal spiritual reality. On the contrary, God is real, and in fact it is the kingdom of God that is the standard of what is actually literal - not the would-be natural laws of this fallen world. All of which means that the term "a thousand years" is simply a translation of a reality of God that may take that long for fallen men to grasp it. Nothing more. So, unless one is willing to go through "the renewing of your mind", yes, you are looking at a thousand years...and the term could just as well have been "not in your lifetime."
Thus, this whole argument and difference of belief and opinion...is really just the measure of who is where in the process of coming around to thinking as God thinks, as opposed to the way men think.
Otherwise, the scriptures are absolutely true...they just need to be understood properly. Meaning that actual "biblical literalism" is a far cry from worldly literalism...and cannot actually be explained or understood "literally" in worldly terms.