No not text, with pictures.
CVS2 had text endings, this game has proper SF2 style endings. I saw a few on YouTube, they are quite poorly translated.
In Dhalsim's ending his son comes and calls him "Dada" and says "Ami" missed you a lot. He called him grandfather, while Ami was the correct word for mom.
The endings are good, especially Vega's he replaces the statue of liberty with the statue of beauty. Furthermore the endings have cameos from NPC's a younger Hokutomaru (Andy's apprentice for FF:MOTW) makes a surprise appearance in Mai's ending. Ken's endings feature Eliza, Guile's ending has Jane/Julia and daughter Amy.
Chun-Li's ending was disappointing it was basically an edited ending of SF2.
I have to say from the few endings I saw I liked Guile's the best, has a thought provoking monologue.