Hearing is definitely part of it, but I imagine it's only hearing the sound of the ball being kicked. After that it's going to be far too quiet to hear until it gets close, and he's obviously reacting long before that. Maybe hearing helps him adjust in the last tenth of a second, but he's not hearing the ball's entire flight.

As for the body mechanics of a pitch or a kick, it is amazing. Like, a proper powerful punch involves leg muscles, hip muscles, waist muscles, chest muscles, and only then do you start to get to the arms. For most of us, the best way to realize how coordinated everything has to be is to try to do something with your wrong arm/leg. Everything that flows naturally on your strong side is just completely wrong on your weak side.

Ronaldo's ego is incredible, and he's almost always looking out for himself in everything he does. But, you can't deny that he's one of the best ever players. And his charisma means he's a great choice for something like this where he has to perform and interact with all the "scientists". Someone like Messi could do the same kinds of moves, but he wouldn't be able to chat with the presenters and "scientists" between events in a natural way. (P.S. I love that they got someone named Ronald to be the ordinary guy who couldn't do anything useful, that was just funny.)

I also think Ronaldo genuinely cares about all the biomechanics and all that, as long as it's something that applies to him, and that he could use to make himself better. A lot of other players just play on instinct and don't want to have to think about it.