No, not in the hut season for a trained hiker: from mid-June to mid-September the TMB is a maintained and signposted mountain path. It needs no rope work and no climbing skills. La Chamoniarde, the mountain safety association in Chamonix, describes it as within anyone’s reach who is well trained and used to rough terrain.
Outside the season the picture changes. The huts close, snow returns to the passes, and the loop turns into a winter mountaineering trip. That is the one version of the TMB we would call dangerous for a hiker.