No, that's not right. The screen you posted is the edit screen. It is intended for adjusting song settings, not for playback.
To just play a track, swipe it to the right and it will be added to the queue. Once the queue has at least on song in it, a mini player window will open on the bottom of the screen where you can start/stop playback. Tapping on the title in the mini player will make it slide out so that you can view lyrics.