Nah.
With the exception of throw clash (which were removed in FS), VF5 and the later versions of 4 are pretty similar, there's no such drastatic changes as you've just described.
I would say the difference to VF4FT to VF5FS is the same difference between T5 and T5DR - the same game only with a couple new characters and a great deal of tweaks to make the game more balanced and ultimately fun.
Altough one noticeable change in 5 that does makes it resemble Tekken (perhaps what has lead you to those conclusions) is to the overall game feel.
What led me to those conclusions is that I owned an actual Final Tuned ver. A arcade machine (bought the kit in 2005) and played it every week for 4 years with my local crew. We also played VF5 up until FS but no one liked it that much, although we also played it for years.
You're just talking out of your ass.
I'll just give you a concrete, fundamental example of how the games are vastly different - throws are 8 frames in FT, 10 frames in VF5FS. This has huge consequences for punishing and nitaku situations. Nitaku situations in VF5FS are dumb as shit and, partly due to slower throws that can't be used to punish most of the truly abuseable shit, the game can be much more thoughtlessly aggressive and it is worse because of it.
The sideturned situations in VF5 are also retarded, leading to canned combos and hurting gameplay variety. Same thing for bounce combos and extended wall combos (which I mentioned in my post, and you simply ignored because to you somehow this falls into LOL MORE BALANCED AND ULTIMATELY FUN). Character weight plays much less of a part in VF5FS and you have huge characters being subjected to retarded combos, whereas in previous installations you had character-specific combos that were greatly reduced and much more interesting. Stance is less important, minor counters are less important, everything is dumbed down. But, of course, you'd have to have actually have played FT to any degree of competence to know.
Ask any pro VF player in Japan or any competitive VF player in the West that's been around long enough and you'll get a universal response that FT is infinitely more balanced and much better as a competitive game than VF5FS. In fact, Japan still had VF4FT Beat Tribes and tournaments when VF5FS was at its peak.
So, in sum, don't talk out of your ass. You can namedrop VF for 'street cred' when you're talking to someone who's never played a VF game in their life, but not me.