Something like that. There's hopes that it'll be supported in another version, assuming one eventually comes out, along with saving. Or rather, loading. Who knows, though?
In the mean time, there's a brilliant game for the NES that's been sorting out all my figting game needs - Joy Mech Fight (translation at donut.parodius.com). Or, as has been mentioned, SF2 on OpenSNES9x, although when I played that on 0.1 I had trouble jumping right. Which kind of stopped me keeping it there.