Possibly... but I was just looking at this:I think you're seeing things bud.
Look at the center of that yellow building in the background, you can see the balcony is clearly in front of the right hand side of it as it should being a proper 3D model.

The side of the road all of a sudden goes into that horizon/perspective mode and the buildings overlapping each other just look flat and weird.
I could well be seeing things and that might be a perfectly fine way of drawing them, but they just look strangely off to me, like they've been faked similar to FM4's Autovista (as I mentioned earlier).