I think that initially, yes, that skin contains the same nerves functioning in the same way. However, exposed nerves will become desensitized. If they didn't, then you would still feel the pain of your circumcision today. After circumcision and over time the skin will change and become less sensitive, just like the glans will change and won't really be a mucous membrane anymore.
Technically the nerves are still they, but they don't function the same way.