Probably, but there is always Quarter match mode which sounds pretty cool-
Game Features: All new 1080p high-definition art for Street Fighter characters and backgrounds created by Udon Entertainment, creators of the Street Fighter comic books Features all 17 of the original Super Street Fighter® II Turbo characters including Ryu, Guile, M. Bison, and Akuma New optional "Rebalanced" Mode: massive changes across the board to all Street Fighter characters as created and tested by some the world's top-ranked professional Street Fighter players One to two player head-to-head play either offline or online Single player vs. CPU Player vs. player over the same console Player vs. player online Training mode helps fighters hone their skills Improved network code for the best possible online fighting game experience
Numerous online features: In-game voice chatting between players Matchmaking flexibility through multiple options Personal and friends statistics tracking Quarter Match Mode- this spectator-based system allows online competitors (two competitors and up to four spectators) to use a "virtual quarter" to "buy into" heated two player matches Comprehensive worldwide rankings and leader boards by character - tracks overall wins and losses, number of throws, perfects, highest combos and more Widescreen support with option to select classic 4:3 mode for SF purists Choose from either classic Super Street Fighter II Turbo music or optional newly remixed tunes created by OverClocked Remix Option to play as the original Super Street Fighter II Turbo 2D sprites for traditionalists