Pretty much.The flaw in the original reasoning about sexualization is ignoring the undeniable truth that men will sexualize virtually anybody, unless the character's facial features are so broken you wouldn't want them whether their armor was invisible or a full plate.
For the record, I don't think sexualization or objectification is necessarily the problem, just that like all things produced to make money, whether games, films, books or whatever they all tend to cater to the larger easy market and don't really serve people with different views. So it's not any one game with a sexualized lead that's a problem, it's that the number of titles to counter them and offer different views of sexualization or none at all is so rare.
If everyone had roughly an equal amount of games that suited their tastes there should be no problem.