I'm going with "don't do that" for reasons others have mentioned. Lifting off the gas while in gear, it's very likely that it will cut fuel while engine braking is happening. Now if you're coasting in neutral, one would think that some software engineer put enough smarts in it to detect that it could be coasting in neutral even though it's a manual. My Saturn was a stick shift, but from the service manual I know it sensed what gear it was in based on engine RPM and wheel speed and whether you were clutching or not.
Perhaps there's a bug in the ECU that when the wheel speed coincides with the engine RPM for a gear, maybe it thinks you're actually in gear and it tries to cut fuel thinking it's time for engine braking. Kind of a long shot, but since coasting in neutral is generally illegal anyway, and you're not saving gas, I'll stick with "don't do that".
Perhaps there's a bug in the ECU that when the wheel speed coincides with the engine RPM for a gear, maybe it thinks you're actually in gear and it tries to cut fuel thinking it's time for engine braking. Kind of a long shot, but since coasting in neutral is generally illegal anyway, and you're not saving gas, I'll stick with "don't do that".