Pretty much. When you take the favorites menu into mind, you can just set all the spells you know you will use to that and then not touch the spell screen again till you get a new one lol.
Whats crazier is that u can favourite entire set ups to ur d-pad as well (console) meaning u can have a sword and shield favorited and then hit up on the d-pad to immediately switch to ur heal spell and fire spell set up.....pretty sweeto...i hate the hands on journalists who couldnt figure it out (why have a job about games if u cant figure them out in the first place)
And gave it a bad preview saying its still cumbersome....i think one or two made complaints about it cuz they didnt know how to favorite...(f**in knobs) lol