Nah. Fez is based on blocks and jumping and whatnot, this interprets the coloured display as platforms. Put a black object in front of a platform and it becomes a gap. Most of it's about leaving the guy "pinned" to walls while you line stuff up.
In other words, you spend most of the game as the first-person guy. So it's a first-person spatial puzzle game i.e. not Fez.
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