This is exactly what I do when driving a manual (if it's a car I own, that would only be my Saturn SL). If I'm on a main road and get up over 45 mph or so, I usually shift into 5th gear. If I see a light turn red up ahead, I'll leave it in 5th gear, or whatever gear I'm already in, and coast up to the light as much as possible depending on the traffic in front of me. I'll let it get down to 1200 rpm's or so and then shift into neutral when I get close to the light or the vehicle in front of me and then brake the rest of the way. I try to downshift as little as possible unless I'm on a steep downgrade. I think the PCM on the Saturn actually shuts off the injectors when no throttle is applied and the car is in gear (i.e., one's foot is taken off the gas) so very little to no fuel is being consumed during that time. That would slightly improve gas mileage over simply putting the car in neutral and letting it coast, because then the engine would need to idle.