Not quite the same.
The “Closest” analog to it is the Gallery View, but it’s actually quite a bit different; it displays a row of thumbnails across the bottom of the screen (7, I think) and when you choose one, the rest of the screen fills with information you fetch from the internet: Synopsis, Cast, Director, Rating, etc. etc. The background also changes to show movie posters.
The “Grid Views” are a mix of Thumbnails and a box that indicates the FIlename (or Title), the Watched status, your ranking, Favorite Status, etc. There are two such views, one that is 3x3 and one that is 4x4.
If you’re so inclined, you can edit the XML structure of the menus to show a view that’s very similar to the Live/Live+ Thumbnail View, but it takes the place of the Gallery View. So for now, you can choose one or the other.
Here’s a scrape of the GRID View, that’s been slightly modified by me: The normal view is Black on White, this is White on Black. In this view, there is NO background; just a black background.
Here’s my own home-made Thumbnail view:
As to if the Hub is “Any Good?” That’s a rather subjective question. I like mine quite a lot. It does have its share of bugs, though.