Not entirely correct, you aren't actually removing anything other that the iexplore.exe from view, the rest is still used by windows 7 in the same way as earlier versions of IE so it is still integrated, you can't completely uninstall it as it isn't independent of the OS.
So for me there really is no difference from now were IE still lives on my system although I try to avoid it, you can't when using explorer, help files, windows live mail, etc. so you still have to keep taking the tablets (IE security Updates).