It's not about NUMBER of steps but for me counting something. When I ride exercise bike, I like some sort of measure other than time. Setting a goal is a personal thing. I don't measure X number of steps because it equates to X number of calories, but I count the steps to evaluate whether I am above, equal to, or below yesterday's work. I'm not a fitness freak, just want to stay in a reasonable shape. No I don't think this "fools" the count. Riding for an hour with zero stats recorded "fools" the count.
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Just to clarify, if you ride for an hour, there are several stats recorded, just not steps. e.g., you get time, total calories, active calories, Avg. heart rate, a graph of your heart rate. Just not steps.