Correct. This trick would have never existed in the beta(pre-CBT1 IIRC) days, since Sega "nerfed" ME so you fell during it rather than after it while airborne. But you could always ME onto a higher platform or an incline and it would land you.
This is easily done on pad as long as your fingers are nimble enough, and as someone already said it's just a quick jump and an almost immediate ME. If you're used to fighting games the timing will come almost naturally. But treat it like you're hitting jump then ME directly after.
I admit it's annoying when trying to do it on Vita, but if you're considered in the air and you're not already holding Circle, you will always perform your dash. My problem is usually the opposite, I prefer to be able to grab items while I'm jumping so I don't accidentally activate something. =/
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