First off, that's your word, not ours. We took the name soccer from England. I find it consistently hilarious that Brits question us using the name they came up with.
Secondly, of course it isn't a full representation. But neither is Madden, NBA2K, APF, NHL, The Golf Club, Tiger Woods ... you can't fully simulate a sport.
When I take the positives I've witnessed and mentally combine them with the skills of the excellent slider builders on OS, I truly believe this game will create a great experience.