Technically, I suppose it is 2 vessel, since it requires more than one vessel, but I don't know if its a "typical" 2 vessel setup, at least compared to a lot of setups I've seen. It is very low tech, indeed (no pumps, valves, etc.). I mash in a cooler with a typical mash ratio like many do. I then pull the bag, drain and squeeze the bag. I then empty that wort over to the kettle or separate spare pot, then do the batch sparge back in the same cooler with new water with enough water needed for pre-poil volume, combine the two volumes, and commence boil. So - yes, I pull the bag of grains out, rather than transferring via a valve.
As stated previously, I usually have to subtract a little grain from most recipes with my process, as I hit ~ 80-85% efficiency.