No, without gadgets, he's the James Bond that millions of readers first fell in love with. Without gadgets, he's a guy who wins because of his grit, determination, smarts, and toughness -- like he did in the novels which any Bond fan should really take time to read.
Bond in the novels is not this all-knowing, always-prepared-with-a-deus-ex-machina-toy guy. He's a tough, competent agent.
I think the best depictions of this are in Casino Royale, Dr. No, and From Russia with Love. I'd say that Casino Royale-level or From Russia With Love-level gadgetry is as much as I want to see. An attache case with some hidden tools? Fine. Acceptable as long as they aren't things like grappling hook watches and explosive toothpaste. The defibrillator in the car in Casino Royale was alright. It was gadgetry, yeah, but not TOTALLY over-the-top gadgetry.
Bond in Dr. No is a classic example of what I want to see. Watch how he sets up his hotel room. He does simple tradecraft of the spy by doing things like taking a hair from his head and sticking it to the doorframe. This lets him know his room's been tampered with when he returns and the hair is gone. He didn't need a special belt-mounted infrared night-vision video camera to play back a 3D hologram of his room being searched by enemy agents. The hair was gone. That was enough, and it was out of his own ingenuity (well, actually, probably training).
Likewise, I like that Bond knows stuff but isn't all knowing. Bond in the novels knows about the finer things in life because (A) he didn't grow up having them already, and (B) they are his refuge for the daily grind when he isn't in the field and how he forgets his field work (which simultaneously thrills and disgusts him).
Bond in the films, on the other hand, can pick out the vintage of brandy grapes even if the brandy itself doesn't list a vintage, or whatever.
So, like I said, some level of gadgetry, some level of sophistication. But keep it to a minimum. Don't get me wrong. I like much of the old school Bond. But I'm done with it. I have the older films and that's enough. And I don't trust them to make an effective gadget-laden film anymore. Not when their last outing with gadgetry produced AN INVISIBLE FREAKING CAR. Seriously. WTF?! It just gets stupid after a while.
Over-reliance on gadgetry or get-out-of-peril-free devices ruins heroes. The same thing applies to Batman and Superman. When Superman can just use some made-up-on-the-spot power to get out of trouble, it makes him LESS heroic, not more. And while we can accept a level of gadgetry from Batman, when he simply gets out of trouble because he has a Bat-Get-out-of-this-specific-bad-situation device on his belt, it makes him LESS heroic, not more.
When Spielberg said he wanted to do a James Bond film, Lucas convinced him to do Indiana Jones instead. Ironically, Indiana Jones in the films is a LOT closer to the literary version of Bond than the film version of Bond is, precisely because he wins by being smart and tough, not loaded with kewl toys.