Granted! However, instead of being told by Klonoa's point of view when dreaming, it focuses entirely on when he's awake. Also, because Klonoa can't speak, there's no narration. Either that, or there IS narration, but it's done by Eric Stitt (AKA Klonoa's awful english Klonoa Wii VA). And there's no "Phantomilian" setting.
I wish, I wish, I was a fish.