Yes, kind of. It's slang for 'encantarle algo a alguien', 'to love, to be very fond of, to get a kick out of st'.I believe it is a slang word used only in Spain to mean get a buzz from doing something
It is very common in the UK. But as a different expression. It is 'there is a buzz about st', meaning 'there is a great interest on / excitement about st'.I've never heard the term "all the buzz". I think it's a play on words, as Newt says.