Don't know about the shifter, but I was bored one day and hit the Starter button while driving at 15 mph or so, and the engine shut off. Works the same as if you were to turn the motor off with a standard key while driving.

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2012 328i Luxury, Jet Black/Saddle Brown (ED 8/9/12)
2012 X5 35i Sport Black Sapphire/Black/Dark Bamboo, Active Vent Seats, Premium Sound, Convenience, Soft Close Doors, Running Boards, BMW Apps
2009 335i Jet Black/Oyster
2007 X5 3.0 Black Sapphire/Beige (Sold)
2007 335iC Alpine White/Red (ED 11/15/06) (Sold)
2004 545ia Jet Black/Black (Retired)
2001 525ia Jet Black/Sand (Retired)
1995 540ia Jet Black/Black (Retired)
1992 325ia Jet Black/Gray (Retired)