The AT loads the bands/guts more for compression braking than what it otherwise does coasting.
If you want to feel this, accellerate to 10 mph or just enough to stay in 1st gear, with the selector in drive. Then slam it down into manual 1st, you will feel the car start slowing down even without shifting.
OT, it's a federal safety standard to have engine braking avialable in ATs. If one's car goes OD-D-1, D may or may not do it, but 1 definately will. If you stick it in 1 at a high speed, you'll usually get 2nd by default, so if you lose your brakes on a mountain pass, go for the low right away. When it slows down to about 40 mph and hits 1st, it'll be suprising.