Yes he did. But there's probably more to that decision than simply calling out Tom for his failings as a wartime consigliere:

Michael planned to move to Nevada well before Vito's death and Tessio's betrayal. "Legitimacy" was the most important thing to him. He needed Tom to be his "legitimate" front in Nevada, a lawyer not directly tainted by the planned massacre of the other Dons. Vito's death precipitated Barzini's immediate call for a sitdown, moving up the massacre schedule, and Michael needed Tom with him. Had Vito not died, Michael probably would have dispatched Tom to Nevada at least a year before he planned to carry out the massacre, in order to establish himself as a legitimate front for the Corleones and to distance himself from the massacre.