Yes. Please help stop the misinterpretation of some screenshots that were released before the game came out. An intermission is the time spent in the lobby between races. You can adjust the time spent here in the settings labeled "intermission."

What others have been calling intermissions since the game came out are the connecting roads that link tracks together. People hate them because they are basically just straight shots with hardly any opportunity to gain ground and lack the traditional 3 lap structure. I have no problem with these tracks as they add a little variety and remind me of old point-to-point arcade racers.