Yes.
And no one makes more powerful phones at 3.5 inches anymore. I've had the Fuel... really surprisingly good for the price at the time and it shipped with KitKat. The Desire 200 is barely better, if at all (abysmal resolution). But if you want something that can multitask and game, you'll need something on the level of the Optimus F6 at least. 4.5".
That's getting long in tooth, though, and not great for anything more than casual games. The LG L70 is a little newer, but still low end. All the newer, better phones have moved up to 4.7" as the minimum and 5" to 5.5" as the average range. The last phone I used that was even 4" was the Lumia 521, but all the newer Lumias like the 635 are 4.5" are bigger.