Subaru CVTs already have essentially this feature. The transmission doesn't have gears (duh, it's continuously variable) but it still has the ability to manually shift to predefined ratios.
Obviously the exact numbers varies a bit from engine to engine.
Dropping to lower RPM for efficiency is what happens when you're done accelerating and ease up on the pedal. That's not what people complain about with CVTs. The complaints are about behavior and sound during acceleration, not after acceleration when you are merely cruising on low power output.