It should look basically accurate, except that the edges absorb momentum. You're looking downward into a pool of water and dragging the mouse is like dragging a finger through the water. Not totally the same, because the mouse is directly imparting momentum into the fluid instead of displacing it- that's why twirling looks wrong. If you move the mouse in a circle it will constantly grab and pull back the fluid, which can't be done in real life.
The fluid has a set lifetime instead of actually mixing, which makes it look different- normally the edges would dissipate faster than the areas that are all ink but instead it just all fades at the same rate.
The simulation is kind of 3d- since it's incompressible, pressure at any point is proportional to the height of the fluid. Advection still happens on a single plane, but if the pressure-related height is relatively large compared to the average depth of the fluid it's not a bad approximation. The viscous losses are also kind of arbitrary, but it's not far from water.
The fluid has a set lifetime instead of actually mixing, which makes it look different- normally the edges would dissipate faster than the areas that are all ink but instead it just all fades at the same rate.
The simulation is kind of 3d- since it's incompressible, pressure at any point is proportional to the height of the fluid. Advection still happens on a single plane, but if the pressure-related height is relatively large compared to the average depth of the fluid it's not a bad approximation. The viscous losses are also kind of arbitrary, but it's not far from water.