To answer your question, no it's not like the first event. It's as you said, basically a short-ish written sex scene that has a lewd doodle at the end to kinda show what you just read. Considering how the interactions with the first event scene went, it's kind of a disappointing downgrade. But if you like reading more than seeing then you're good to go.
EDIT: In regards to the Bridges discussion, I also use Chrome on a PC and I never experience lag with it. Yes, I will rarely get a glitch where the game won't register a click, but that's about it. The timing is very close, but its honestly comes down to practice and naturally having fast reflexes. Like a couple others have said, I can max the bar like 50-60% of the time now, whereas when the minigame came out I barely managed to get 2 stars (I know they have made it easier since it came out but you get the idea).