Yes, the 2 player mode is just the 2nd player controlling the bomber in the 2nd player slot while the game difficulty increases like in single player. It's pretty fun to play with a friend, although beforehand you gotta lay down the rules as if your learns he can go back and forth as fast as hell, he'll just screw you. My friend killed me with that, heh. I recommend just having the P2 controlling the bomber via controller as the paddle gives you a way better chance to speed up and catch the bomb than with a controller which isn't as versatile.