Yes, like the ones on all previous Moto x's. The notifications would fade in and out until you cleared them. I've read it no longer does this with the new moto z series.
So what must you do to see them? Wave your hand over the front of the phone?
Yes the wave works fine, as does raise to wake. But I noticed the notifications didn't fade in and out as before. Not a deal breaker, but it certainly was a nice feature to have. Hopefully Moto/Lenovo will bring this back in an update.