I'm speaking from a motorcycle roadracing background but with bikes having gone EFI across the board on high performance models, it's the same issue. We have to deal with OEM decel fuel cut systems and their consequences all the time.
In order to reduce emissions, the decel fuel cut threshold has to be assuredly above the engine "load" (or negative load as the case may be) that results in misfiring. This results in a noticeable abruptness in the throttle response at slightly-cracked throttle. You go into a corner on the brakes (fuel is cut off), try to smoothly apply throttle on the exit, at first the engine does nothing then "whack" the fuel comes on and the engine takes up the load. This is not much fun when you are on a bike cornering at the limit of traction, particularly when the bike weighs 400 lbs and has 120 - 160 horsepower - driveability is extremely important. Some models are worse than others for this; I rode a stock 2003 Yamaha R6 and did three laps then brought it in ... horrible driveability. My stock ZX10R has decel fuel cut, but it's below the misfire threshold and is scarcely a bother. I suppose they just let the catalytic converter deal with it.
If you want to fix this, you have to keep injecting fuel down to a smaller "load" threshold. This means there will be some misfiring, but it's better to have that, than to have an abrupt "on/off" behaviour. The misfiring means there will be some popping out the exhaust.
In the bike applications, the piston and exhaust valve temperature isn't a big enough issue to warrant injecting gross amounts of fuel on deceleration, but that doesn't mean it isn't an issue in other applications.
Fuel consumption is an important issue in MotoGP because of the restricted fuel tank size, but those engines are using drive-by-wire throttles and are deliberately opening throttles on deceleration to cut back on engine braking. I don't know if they are cutting off fuel simultaneous with opening up the throttles, but it's quite possible with the way engine management controls are going these days.