Pretty much! It shows off how the codec works to a great extent though as it seems to be misinterpreting parts of the music to be the pitch of the speech, so Paul's voice sounds weird at the start of most lines but okay throughout the lines.
I've also run a BBC news report through the program with better results although it demonstrates that any background noise at all can throw things off significantly: https://twitter.com/peterc/status/1111736029558517760 .. so at this low bitrate, it really is only good for plain speech without any other noise.
Well, in the case of music, what happens is that due to the low bit-rate there are many different signals that can produce the same features. The LPCNet model is trained to reproduce whatever is the most likely to be a single person speaking. The more advanced the model, the more speech-like the music is likely to turn
When it comes to noisy speech, it should be possible to improve things by actually training on noisy speech (the current model is trained only on clean speech). Stay tuned :-)