Fair enough, and welcome to the Spyder party.
The SE5 is only semi automatic in the fact that it has certain points in the RPM range where it will downshift by itself. For gears above second, this is usually just under 2500 RPM, while it drops to about 1800 RPM before auto shifting from second to first. The ryder may override those downshift points by downshifting earlier; however, in order to keep the engine from bogging down it will shift when it hits those points.
Upshifting is totally controlled by the ryder. You actually keep the throttle cracked open, and push the paddle. This cuts the ignition for about 2ms, shifts to the next highest gear, and turns the ignition back on. This ends up being much faster than you can probably clutch and shift manually.
The cool thing is if I want to be lazy and not worry about downshifting when approaching a stop sign, I can just let the Spyder do it for me. Also, in an emergency braking situation the Spyder will be downshifting while you are on the brakes which should help you stop faster as well.
I may not have a clutch to dump, but I can still smoke the rear tire at will from a standing start. :thumbup:
I hope that helps explain the SE5 some.