The idea of disabling the ignition, cranking a few seconds, the reconnecting the ignition is actually recommended in one situation. That situation was with turbo engines. I saw it in a training video that was made back in the 1980s, and they used a SAAB 900 as an example.
I was in automotive class back in 2006 when someone came in with a TDI VW Beetle. The automotive teacher looked for some sort of bypass on the fuel distributor pump, so he could crank the engine for a few more seconds before starting. Here in Florida, even if you never warmed your glow plugs first, a computerized direct injection diesel would always start quickly. If the engine used prechambers, and then you just cranked the engine before heating the glow plugs, you would have to crank the engine for a while before it would start, eliminating the need to disable the fuel system before starting.
When I had my 2002 VW Jetta 1.8T, I never heard of such a thing, so I never disabled the ignition before starting. I crashed the car early, so I don't know if I really harmed anything. I don't do this for my Mitsu either, and I have ~35,000 miles, so it will be a long time before I know if I harmed anything.
When I had my Saturn ION, the oil light would stay on as long as all the other warning lights did. It must have built up oil pressure very quickly. I think my dad's Pontiac G6 worked the same way.
My mom's 2005 Jeep Grand Cherokee V6 does have the oil light stay on for 5 seconds after an oil change. While it is on, you can hear the hydraulic lash adjusters make terrible noises. After the oil change, I have never had a problem, it seems the ADBV always works well in the filters I use.