Speed up to 5:40. http://www.youtube.com/watch?feature...wEX1jAKA#t=336
To me this is classic aikido, get off the line and counter. Irimi, tenkan, ikyo, nikyo, etc IN MY OPINION are drills to train the body. It is very hard to pull off aikido applications the way it is usually practiced if someone is actually coming at you.
Also notice how relaxed VP was when he punched...aikido.