Yes, there are animations for tokens in the engine. Currently, PC tokens can use walking and attacking animations if the author has them created. Creatures use attacking animations as well. Props can have animations as well. A good example of what is possible, animation wise, would be Karl's "Red Carnival". I would download that and give it a go to see some of the possibilities, he really pushes the engine to do some cool things.
side note: CGA or EGA was still one color on my amber monitor

color monitors weren't cheap back then
