I'm right there with you. The only difference I can think of is that if there are no other widows open, it won't switch to viewing the desktop. (This is only actually a problem when doing something like playing a fullscreen game, as anything else can just be minimized.)
If you're comfortable with user-contributed task switchers downloaded with the Get New Task Switchers button, there's one called MediumDefault by user "adhe" that resembles the one I last used on Windows. I don't know if it's different in modern Windows versions.