It does actually. My brother has just asked me for advice for his son who's 2.5. At the moment he's trying to ride the same bike we all learned on when we were about 3, but it is a bit too big for him and frankly a bit too old. I'll show this to my brother to see if he might be interested.
My little one started on it around 2.5 until 4/4.5 ish. He is average height in his class.
Hope that helps.