That is exactly what a healthy adjusted 'too should be doing. You and hubby give your self a pat on the back.
Corky, while loud as all get out, crazed, and insane looking, is displaying! Something you should see at least 2x a day, morning and night. Its like letting a kid out to run around like crazy for 20 minutes during the day, they need it!
You may see it more often, but if it stops, it may be a sign of something wrong. Sick birdy, upset you changed his schedual, pissed you took away a favorite toy....add this to your growing list of body language to look for.
And yes, try to wait until its over for playtime. While all excited like this, you stand a good chance of getting hurt during the excitement.