Didn't seem that way to me personally. Yeah there's fetishization but it's a porn game and MC is written as very accepting of divergent gender identities.
trans woman here, STFU, the term may have hateful roots but that's clearly not how it's being used (kinda like how it's used in all other porn that uses it), and like it or not, it's the best way to say "feminine with a penis" without misgendering someone (whether it's femboys or trans women)
im also from a red state so splish splash my opinion is trash