I dont know about the BMW, but certainly on the 300zx the autobox is completely electronically controlled, the lever only connects to an electrical switch, its just not possible for it to get jammed. Of course there are a bunch of conditions in which it wont allow you to move it. Say you cannot move from N to R without the button pressed and your foot on the brake, likewise moving from R to P. You can certainly move it from D to N without even pressing the button, as is the case on all auto's ive ever seen. Of course this is irrelavent, because the autobox has a one-way valve so with the ignition off and in D, it will not pass any of the drive from the wheels back to the engine, this is the very reason a lot of automatic cars can withstand a cambelt snapping with no valve damage. Even if it did pass all the drive back to the engine (just like say, a manual!) then it wont cause the wheels to lock, thats a ridiculous statement, your saying essentially that every time you release the accelerator in a manual car the wheels lock up. The arguement over the brake boost is also irrelavent, the brake boost comes from engine vacuum, if the throttle is jammed wide open there wont be any vacuum, as such it will make no difference if the engine is on or off. As for steering, if you cant steer the car without PAS at over 100mph then you need to start on some weights or something.
As for the brakes cooking, as said, the brakes will produce a massive amount of torque when stood on, WAY in excess of what the engine can produce, the only way the brakes would cook is if he was intentionally maintaining the speed at 70. Anyway, even witht he pads completely shot it will still stop, just not very well.
Im with mickey D here, the guy is a muppet, you'd think it would be obvious to anyone to kill the engine and stop if something like this happened. No doubt its a bit scary, but covering 60 miles like this is ridiculous when he could have stopped, he put a lot of people in danger in that time, but I suppose he can't be blamed if he was being instructed by the police.