I noticed there's a parry, if that's what you mean. Didn't think to use it as a dodge as well.
no there is also a move where he jumps back while doing a slash at the same time.
you can go or left or right with it as well.
the parry is different. that input is square and jabbing the analog stick somewhere. there isn't anything in the demo that you can't handle with the parry tho - so dunno if the cumbersome dodge is useful.
it has a decent amount of invincibilty and can look pretty broken when used effectively. Here is a vid with someone using the dodge to beat blade wolf (no parrying used either)
i use it whenever blade wolf is using his chainsaw tail attacks