Toshi, the thing is, the SMG is "not" an automatic transmission, it's a manual transmission that, when in "Automatic" mode, changes the gears for you through a computerized system. Therefore, you feel the change of gears and depending on the drivelogic setting you're in it may be very fluid and sporty (level 5) or a bit slow and jerky (level 1 - for driving in snow and ice). It's not as smooth as an automatic transmission (because it's not), and you can't compare it with steptronic. The thing is, the underlying transmission of an SMG is manual, and the underlying transmission of steptronic is automatic. It's like when you're driving in steptronic mode - it feels no way similar to driving a stick shift. The SMG is so not like an automatic transmission, that when you stop on a hill the car rolls back (or forward depending on the incline) when you take your foot of the brake. So, for me I do the same as when I drive a stick where I balance the clutch and the accelerator - except with the SMG I just balance the accelerator.
That said, if you ever get an SMG, you will never want to drive it in "automatic" mode once you drive it in SMG mode, which allows for the changing of gears through a clutchless (computerized clutch) system. The gears are changed either through paddles by the steering (which I love) or the lever in the traditional location of the stick shift.
Hope this helps.