No, it's not like marble madness. You run using the trackball. I'm going to connect a dual shock 3 sometime soon and try to get it to play with that. It reminds me a lot of Sonic 3D Blast for the Genesis/Saturn
Yeah I was to about to say "Sonic Arcade Game - Trackball = Sonic 3D Blast" which was kind of underwhelming. But I dunno, I'll try to fire it up tonight and see what it's about since the last time I played was years ago...
EDIT: Played it (with TB) and yes, it does share a bit in common with Marble Madness. You are controlling Sonic on a track of obstacles - no real enemies to defeat, pseudo time limit (i.e. whatever's chasing you). It's an interesting enough game but I don't know if I'd actually spend money if it were on PSN. And I think it needs a trackball. But that's just me.