I think they do.
But I am yet to own it (lack of cash)
It would be better asking in this thread
Do the fighters have the same moves? IOW, is it the same GAME as NES, but with updated graphics, UI, etc? Thanks
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I can see why someone would mistake this game to be just a remake of the original with nothing new. Although I have yet to play the game, I personally feel letdown by it after recently reading a lot of coverage about it in Nintendo Power, due to its apparent lack of new content.
Though it isn't exactly the same, it looks as though it is too alike the first Punch-Out to get some fans to be interested enough in the game to actually buy it. I am one of these fans. I love the series, being a 28-year old who has played the first two games many times since the original was released. The new one looks really fun, but it can't possibly be as fun as the first two for a veteran like me, since it obviously lacks the ability to reward me with new characters to face every time I beat an opponent.
As I stated, this is a huge letdown for me, and I'm sure other fans in my age group would agree.