I dislike that style, for the same reason I dislike the shifter on my Leaf, though it's even worse on the Leaf: Since the "off" position is now the middle instead of the top (as in an Automatic), reverse is up/forward, and drive is down/rearward, which I find backwards. I've had my Leaf for 2 1/2 years, and I still sometimes shift backwards when I'm not paying attention or stressed out, because my brain says it's a joystick, and forward means forward. As discussed elsewhere, however, this layout seems to be required by FMVSS (in that D must be clockwise from N), at least for a stock on the steering column.
Given that, I'd prefer something that is "new" enough that it can be intuitive, without messing up those who are used to older conventions. How about a gesture on a touchscreen?