But there are insights about differences of two squares, sums of cubes, divisibility tests, prime factorizations, smaller denominators imply larger numbers, greatest common divisors and lowest common multipliers, and many many more.
I find repeatedly that I show people small arithmetical tricks and they are intrigued and surprised. I then expand on the basic ideas and derive things like RSA and DHMW codes, or the fact that primes of the form 4k+1 are always the sum of two squares, or that for primes larger than 3, p^2-1 is divisible by 24.
And so on. People are often fascinated by these trinkets, and yet they are observations that for me arose from doing the arithmetic.
I don't deny that most math teaching is appalling, and that many bright kids give up out of sheer boredom, but without the basics they are equally ill-served. We need teachers who actually understand the math they are teaching, and not just regurgitating the curriculum they've been given.
That's why I spend around half my time going around talking about what math is really about, and how it can be interesting, useful, fun, and occasionally exciting.
Without a basic facility in arithmetic, so much of real math - as opposed to arithmetic - is denied. If every calculation you do requires that you reach for a calculator, or fire up a symbolic math package, you are slowed to a crawl.
It's like trying to programming without being able to type. The ideas can't flow when you are constantly held up by not having mastered an underlying skill.
And i suspect we are more in agreement than not, each colored by our own experiences. Mine were happy, full of discovery. Yours weren't. How can we make kids experience more discoveries if they won't actually play with the underlying basics?