Sure is. There was a Sub-Zero gimmicks thread a while ago. It was listed there. I think other kharacters, like Kotal for example, can do something similar.
Ice burst being safe was a welcome buff. Prior, SZ had no real way to end his strings safely besides clone, which is what made GM so superior.
Hammer was actually -10 and had massive gaps when cancelled from strings (with the exception of f4 xx hammer) and only boasted 2-3 active frames, leaving opponents with the option to jump out and full combo punish, or simply block the incredibly slow OH. Off the top of my head SZ, CSZ, Reptile, Lao and Ermac could all reliably reversal punish.
Most strings into hammer still have a gap. I assume it's the same with strings/ pokes into tick throws, despite his new cancel advantage. Treat this gap as you would others and players might find some luck. I'd recommend OS armor or reversal back dash. Cryo's meta is the same as it always was, disrupt the opponents cadence. The only difference is now he has the tools to do so, instead of relying on gimmicks.