Is Workflow a thing of past ?

When you start working with Dynamics 365 CE Unified Interface, one of the things you would notice is there is no menu item to see available On Demand Workflows against a record.

This happens because this option is set to No by default. Below is the place (Settings > Administration > System Settings > Customization tab) to switch it Yes.

Once this is switched to Yes, new menu item will be visible called Flow (not Workflows!) as below, that contains relevant On Demand workflows. 

By the way, why this menu area called Flow? Well that's interesting. Flow is going to be the successor of good old Workflows! That's what Microsoft is recommending. As a evidence, when try to create a new workflow, you can now see it is pushing the user to move to Flow as below;

Is Workflow a thing of past ?