That was a lot more in-depth than past NUNS demos which only had 1 fight in them.
This one has a ton of anime cutscenes made specifically for the game and you can do 3 fights in the demo.
Naruto vs. Sasuke (their first meeting in Shippuden; the one at Orichimaru's lair)
Sage Naruto vs. Pain
Naruto vs. Tobi (their meeting in the snowy country where they had the 5 kages summit....which I don't think was actually a fight but the game made it one)
plays exactly like NUNS2 though!
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http://i.imgur.com/8h0dg.jpg
http://www.yourgamercards.net/trophy/a/CaptainRockman.png