Yeah it’s a recap alright! We have Ifrit and Veldora narrating the events that occurred in Season 2 part 1, and they also talk and banter among themselves to keep things interesting. Worth a watch if you want a bit of a refresher, or to just hype yourself up a bit for the season that's about to start. But it doesn't add anything, so if you don't need that, or if you're someone that's reading this in the future when part 2 is already out, then you can just skip this. Not much more to say really, it's just a recap.