Yes, but I don't agree with setting it to air. The Duo would force you to check gas mixes by setting them to 100% after any nitrox dive. That way, if you didn't set to correct mixes between dives it would very quickly start screaming at you during the next dive when you appeared to violate MOD and/or OTL. putting you at 21% when you might be diving much higher mixes could result in excessive deco times while far exceeding OTL.
I agree that having the computer reset to air is somewhat "recreational" in style, but there is some logic to the reasoning behind that design choice. By far the most likely mode of failure is the operator forgetting to match the computer to the mix. This happens all the time. So with an automatic reset to air, the outcome will be a shortened NDL (or a more conservative profile, depending on how you look at it).
Since the NDL is a dynamic thing that changes during the course of a dive, it is something that many people rely on the computer to track (that's one of the main reasons for having a computer in the first place). The MOD, on the other hand, doesn't change, and is determined when you fill the tank. I don't think that many people dive a computer to keep them above the MOD, that would suggest a serious lack of situational awareness. Specifically, it would be a very unusual diver who is Nitrox certified, understands what the MOD is ahead of time, but is relying on a computer to keep him or her above it.
As far as the computer automatically resetting to EAN100, I have never heard of that feature. I'll believe you if you say that the Duo does that, but that seems to be a very odd choice. "Screaming" computers are often not heard through hoods, and many people shut off audible alarms altogether... is the idea that when (not if) you forget to gas match your computer, you are supposed to do that during the dive? A different approach, I suppose...
If you are talking about dives where deco times and OTLs are relevant, then you aren't really talking about recreational diving. I think that most technical divers wouldn't be relying on their computer to given them deco and O2 limit information on the fly. You would have to be doing a lot of recreational diving to approach the OTL on a single dive, let alone far exceeding it, and excessive deco times never hurt anyone as long as you have enough gas, right?