strange problem shifting into 2nd tonight, need help

[bobber]

my guess: engine got starved of oil (when you shifted into neutral) and shutdown (hence the oil light)...failsafe mechanism to prevent damage to the engine.

+1 for Kromdom, And the rapid decell w/failsafe shut off may have Momentary flooded the FI because of the loss of fire.

[crawler]

his oil light was from the engine not running with the key on. It was looking for oil pressure and there was zero. Oil is circulated/pressurized by a mechanical pump, even missing a shift and hitting neutral the bike should maintain oil pressure. The higher you rev it the faster the pump spins and the more oil you move.