No, the demo was of a LAPTOP hooked up to a Korg and a Ketron module. The only thing T5 about it was the original styles (presumably copied from memory and played by the laptop).
And naturally, as the T5 has only been out for a short while, I think Dan's maps for the drumkits and other sounds has room for improvement.
But the basic idea of the product is, no matter WHAT arranger you have (or if you only have a controller and some modules or other keyboards), you can play Roland, Yamaha and Korg styles (Ketron's not quite there, is it Dan, because of the audio loops unless you use a Ketron sound source, right?) without going through the hassle of EMC'ing them and tweaking.
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An arranger is just a tool. What matters is what you build with it..!