Yes, "and" can be very weakly, almost imperceptibly, pronounced. It is one of a set of words called function words. Function words include conjunctions, articles, pronouns, prepositions, adverbial particles, etc. these words always have a strong pronunciation and also one or more weak pronunciations. A good dictionary, such as Cambridge, will show you both (go to Cambridge's online dictionary and look at the entry for "and"). Weak pronunciations are much more common than strong. I almost never say "and" with a strong pronunciation. This is true in every dialect of English, and it is not informal.