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Yes it can be used as a switch with the right programming. Although if you just want to turn the axe on and off and into reverse there are simpler alternatives.
But like I said on the other thread if you learn to program (not too difficult if you buy a good starter kit) then you could have many fancy features, including having it run on a timer so it turns on for a certain amount of time then goes into reverse then stops.
I'm currently designing my axe at the moment, and I'll be creating a Pic to work end stops. In that, I will probably add a max length of time that power can be applied (eg. 0.5 seconds) as I'm going to be doubling the recommended voltage to the Mag motor and don't want to burn it out.
This should work with any ESC as it would go between the RX and the ESC signal cable. Depending on how long it will take you to build your robot I may have it finished intime.