Yes, I think so. Saddam could have given WMDs to the wrong people at any time. Or one of his sons could have done so, or many of the other psychopaths who ran that regime could have done so. Now many of these psychopaths are dead, and many others are no longer in any position to cause us harm. The threat isn't totally eliminated, but I think it's fair to say that the threat is certainly reduced to a much lower level than it used to be.
Did Sadaam launch commando invasions into India to capture movie stars he had a crush on? Not one time but many times? Did Sadaam send in Commandos to Kuwait to scout out his future "landing zones" only to have all of his commandos kill themselves? Did Sadaam launch intermediate range ballistic missle tests over Turkey not once but several times? Did Sadaam have a diesel powered submarine come up on shore of Kuwait? Did Sadaam take food supplies from us and promise us compliance with "UN Regulators"? Did Sadaam fight a naval battle with an American ally in which we said nothing?
The Answer is no in all cases- but yes if you replace Iraq for North Korea.
The lesson learned from Gulf War II is that if you don't have WMD's or nukes- get them fast or America will invade.