I do not have ACC or grade assist. The original poster indicated that he didn't have ACC, either. There must have been some software differences depending upon build date if some of you without ACC have this cruise control behavior. Mine is an early 2010 but the 2011 manual says the same thing. I also recall a few posters who got a version of LMS 4+ that enabled "grade assist" and also changed the way the transmission behaved in manual mode. This automatic downshifting when going down a steep hill with cruise control engaged is a new one on me.
Here is what the manual says about ACC and use in hilly conditions:
Hilly condition usage
It is recommended that the driver select a lower gear position when ACC
is active in situations such as prolonged downhill driving on steep grades
(i.e., driving in mountainous areas). In these situations, additional engine
braking is needed to reduce the load on the vehicle's regular brake
system to prevent them from overheating. For more information,
reference Automatic transmission operation in the Driving chapter.
Note: If ACC is applying brakes for an extended period of time, an
audible alarm will sound, the head's up display will flash and ACC will
shut down. This is to allow the brakes to cool down. When the brakes
have cooled down, the ACC will again function normally.