refactorings in Eclipse or IntelliJ

refactorings in Eclipse or IntelliJ

Is Refactoring just a fancy name for something that developers have been doing since the beginning of software development? Do the refactorings in Eclipse or IntelliJ actually help anyone do large scale refactoring? Does anyone plan to use these semi-automated refactorings when they are doing future projects or are they more trouble than they are worth?