Bosch has had positive fuel shut-off since the late 70s with the mechanical fuel injection systems and later with the fully electronic systems.
I believe it is more for emissions reduction than fuel economy.
Our 03 Audi does it as did our 88-90.
In the case of turbo diesels, there may be some additional factors involved, reducing turbo lag, reducing the magnitude of engine braking and cutting the black smoke on throttle up.
Engine braking is not a simple do or don't issue. In the case of some Honda race bikes, they installed a releasing clutch to reduce engine braking as it caused rear wheel lock-up. Up until 2007 some F1 teams were using the TC system to power the engine to act as a rear wheel anti-lock system (yes it was against the "spirit" of the rules bu it was legal) there are cases where race cars can decellerate faster than the engine can loose revs, hence engine braking doesn't work.
Modern F1 engines are so light and have such low rotational mass that engine braking is likely always effective at adding to the overall braking effect.
Neutral or not, there are situations where it can work and some where it doesn't. Depends on many factors.