It's got all the hallmarks. Even before he's frozen and sent to the future, the small bit of the world we get to see at the beginning is more like a traditional cyberpunk dystopia.
Also, the implication of Taco Bell winning the "restaurant wars" and that now all restaurants are Taco Bell could mean that Taco Bell is also pretty much in control of everything else. And I tend to believe that the restaurant wars were literal wars, with people killing each other in the name of fast food franchises. (And the Europeans who had Pizza Hut as the restaurant in their version of the film might be confused lol)