No, I’m not sure I would go to church without the Eucharist. After all, we can worship God anywhere at any time without it.
A lot of people think that way, which is why many mainline churches are losing members–apart from the whole “I’m spiritual but not religious” idea that so many tout these days.
When Israel held worship services they gathered because they would hear the word of God, but also they were all related to one another. Gathering together was a reaffirmation of their identity as a people. Jesus intended that same fellowship among people of every nation in the partaking of his body and blood–which makes us all one people–relating us to one another in his real presence.
Without that the full relationship Jesus intended is lost. People no longer have the kind of cohesion Jesus intended us to have with one another. When the Protestants denied the real presence they severed that connection, dividing Christians into the spiritual “haves” and the “have nots”. Well, the “have nots” have strayed a great deal from one another, “each man going his own way,” as Scripture says.
So no, Bible reading, a sermon, a few prayers, and singing a few hymns is nice, but it’s not the full connection that Christ intended, and without that, there is no real family in Christ, but a fragmented gathering of disparate people who all just happen to believe the same things because they want to.