No, I mean you don't see the animation between one stance and a punch. The fist (and sometimes all of the body) just transports instantly. Everything goes back to normal speed after that (or sometimes even to a slowmo speed ala GoW).
I see. Interesting... need to play that game again to remember the feel. ^_^
EDIT: Should have shown the short trailer in Fallon's show too. It adds mystery to U3 ("Be careful what you wish for"). Fallon didn't play well and we only need a quick tour of the fire room, rather than watch Jimmy freak out when his foot got stuck.