Yes, but we’re learning that the old notion of waves of Indo-Europeans moving into an area and replacing the autocthonous population just didn’t happen. Language and cultural change doesn’t imply the the old population died and a new one moved in. Look at, say, Ireland. Today the vast majority of people in Ireland speak English, not Irish. And yet, most people living in Ireland aren’t descended from English immigrants, they are descended from native Irish. Feel free to put “native” into scare quotes if you like, since Celtic languages are also Indo-European interlopers. Similarly, the Etruscans weren’t wiped out, they just started speaking Latin instead of Etruscan.
It certainly is true that as you move south from Scandinavia to Zimbabwe you get more and more curly haired people. And skin tones get darker and darker, sickle-cell trait becomes more and more common, noses get broader, hair gets darker, and so on. And as you move from France to Korea, hair gets darker, epicanthic folds get more common, people get less hairy, and hair gets straighter.
But the problem is that all these traits don’t vary together. A person with an epicanthic fold is pretty likely to also have straight black hair and tawny skin tone, but it sure isn’t guaranteed. All that epicanthic fold tells us is that the person has the allele that causes epicanthic fold. Sure, that alelle is very common on one side of Eurasia and very rare on the other side of Eurasia, but so? There are blue-eyed blond-haired white-skinned Slavs with epicanthic folds, what does that prove?
It sure doesn’t prove that at one time there was a group of pure asians (epicanthic fold, straight black hair, button nose, tawny skin) and a group of pure whites (blue eyes, wavy blond hair, straight nose, white skin) and a group of pure blacks (dark eyes, kinky black hair, wide nose, dark skin), and the people with have intermediate facial features are the result of inbreeding between these pure populations.
It means that there are various alleles for various features, and various people in various places have various distributions of these alleles, for complex reasons including the founder effect, genetic drift, and natural selection.