Getting back to the subject of cruise control, rather that digressing to other matters, it seems that the major issue is the lack of engine braking in modern cars.
Doesn't really matter whether you have an auto or a manual, you are going to pick up speed on even to slightest of hills, even if your foot is off the accelerator pedal. You can't really blame the VF cruise control for not being able to do something that you can't do yourself, even if you have full control of the car, without resorting to use of the brake pedal. If Holden installed active cruise control, presumably it would adversely impact the results they get from the (totally unrealistic) fuel consumption tests.
Perhaps there is a wider conspiracy here. Car Companies making it more difficult for drivers to stick to the speed limit so that the Government makes more revenue from speed camera fines ??? Damn, I just digressed to other matters (LOL).