No. The Slimline 2 remote only controls volume and power once configured. The older Slimline will allow you to change inputs on many TVs.
Telus never advertised it as a universal remote. In a way the technology is improved because it makes operation of the remote simpler for the majority of users. The big question is, how often do you switch inputs on your TV? For me, it's quite rare but I still have my TV's remote there.