I'd say that's mostly true. Parts of that are the constitutional framework for how elections are finalized, but it has been mostly a formality for more than 100 years (IIRC).
There is an opportunity for objecting and I believe Pence will be the chair of the proceedings in his role as President of the Senate. There really isn't much in the way of precedent in terms of what counts as a valid objection or not. Procedurally, I think there's an opportunity for the Senate to vote on whether the objection should be sustained, so that will test the mettle of Trump-supporting senators.
Much depends on the participants' appetite for a constitutional crisis.
I guess have one now or have it later lol