Pretty much! It shows off how the codec works to a great extent though as it seems to be misinterpreting parts of the music to be the pitch of the speech, so Paul's voice sounds weird at the start of most lines but okay throughout the lines.
I've also run a BBC news report through the program with better results although it demonstrates that any background noise at all can throw things off significantly: https://twitter.com/peterc/status/1111736029558517760 .. so at this low bitrate, it really is only good for plain speech without any other noise.