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I think this switch is a bit of unneeded fluff with a reasonably knowledgeable driver.
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Adding a layman's perspective, I've always thought that it was kind of complicated for what it did. I mean, there's nothing stopping you from snatching the gearshift lever out of fourth gear and jamming it into second gear, jolting the drivetrain and possibly overrevving the engine. There's also nothing to prevent you from trying to jam the gear lever into first gear while still moving. But we don't do those things because we know how to operate the machinery and we don't want the repair bills that result from abusing it.
Same applies to the overdrive. If you know how to operate it, and you don't like repair bills, then you take it easy on the machinery. Why we need a switch to prevent us from abusing the overdrive, and don't need some mechanism to prevent abusing the gearbox, is not completely clear. Why no rev limiter on the engine?
Anyway just musing. I agree with DR.