That means we could use an axis to act as our flap lever. 
I was thinking this too....
It might also act as auto flaps. For all those complaining about auto retracting flaps, just put the flaps lever in the "down flaps" position and it'll keep triggering that button. So when your flaps retract as soon as you pop below that "retract speed" again they should re-deploy, right?
Only problem is they'll try for full flaps always in that scenario, but still an interesting idea.