Yes, technically, there are the same elements you will find in the previous versions(and some new additions, too), but the game play is awkward, the animation is choppy, and there are design issues that make the game hard to follow. For instance, when you press a power up, the description floats up the screen--in letters too hard to read against the background. Then it fades away before you can figure out what it does. I'm disappointed...I love all the previous games in this series.
Update: Ran into same issue as others are saying--finished the first world and now won't let me proceed without paying another $4.99. Also they changed the name to Lite?? I paid for this! Zero stars, if I could.