Okay, I have some background in the automotive engineering field - so I do have a bit of a leg to stand on here.
Firstly, having an engine sit for an undetermined amount of time is going to allow the oil pressure to bleed off, hence a potentially dry first stroke or two of the pistons, top end, etc. Add to this, if this thing richens the fuel supply on a start, you are going to have a burst of unburned hydrocarbons come flying out the tailpipe... less CO2, more HCs...
I'd be curious to see the emissions numbers for this compared to a regular powertrain.
A normal engine in stop and go traffic gets a constant oil supply, keeps its coolant temperature and the catalytic converter warm, can maintain closed loop status - reading from all sensors instead of plugging in block values to attempt to run smoothly and cleanly. Granted, all of these are not going to fall off in quick stop and go traffic turn offs, but there are a lot of things that could be affected.