Yes, the VRSC hydraulic clutch is self-adjusting and release and engagement are always near the resting point of the clutch lever.
This is because the actuating piston in the slave cylinder always rests directly against the release "button". When the hand lever is pulled to release the clutch, the actuating piston immediately pushes the release "button" against the springs creating a gap that allows the clutch to slip. When the lever is released, the clutch springs push the "button" back moving the piston to the original resting position.
As the clutch friction plates wear, the springs will push back further on the actuator piston, eliminating any free-play (and forcing more hydraulic fluid back into the reservoir). One sign of clutch wear is a reservoir with excess fluid. When the clutch is worn out, the actuating piston will be pushed back far enough into the cylinder to hit the back without eliminating the plate gap causing the clutch to slip when the clutch lever is released.