Add me to the list of Meteor 350 owners experiencing this problem.
It just started happening to me this week, and I can't identify any specific conditions or behaviors that cause it to happen, but it was happening about 25-50% of the time that I closed the throttle while in gear on my ride home today. Yes, it's very unnerving (especially in turns) when you're expecting full engine breaking off-throttle and instead get a "coasting" sensation. What others have described in terms of sound is also very accurate - the throttle closes and instead of the "rumble" you would normally get, it's more of a quiet "purr" for anywhere from 3-10 seconds or so before it finally goes back to normal.
My bike has around 2200 miles on it now, and the only thing that's changed recently is that I've gotten stuck in the rain on a few rides. It was properly serviced at my dealer for the 300 mile valve check and oil change with the correct semi-synthetic oil.
The actual throttle action at the grip is smooth. My guess is it's definitely ECU / fuel injection related, just not sure what exactly the system is trying to achieve when it happens, or why it has started doing it now versus when it was new.
I may try talking to my dealer about it, but right now I'm waiting for them to swap out my sticking speedometer...