I had this happen today. I was in manual mode and floored the gas pedal in 1st gear and it hit redline before I got a chance to shift. I'm still learning the car but what struck me about this was the sudden loss of power at redline. I thought initially this could have been the drop in the power curve but now I think that was probably the fuel getting cut off.
This car revs sooo much faster than my DD 135i
Still gotta get used to it.