Completely agreed. Ultimately its about readability, and replacing code with meaningful names is always a boon for readability. I don't understand people who have an aversion to adding more abstraction--every time you can replace any section of code (even one liners usually have multiple parts to them) with a meaningful name is an increase in readability as your code-specification moves closer to the language-specification of the project.

Of course there are bad abstractions. A simple test is anything that doesn't immediately refine your code into something more closely resembling the language-spec. The goal should be code with just the right amount of abstractions such that they map to this language-spec with the least amount of friction possible.