Yep goes back to the same number. It will always start in first though no matter what gear number it says on the console. It also holds 1st as long as possible before going to second so you can actually put it in 3rd and it will stay in first till you get some speed going. If you slow down by braking it will go back to first and stay there as well even if the gear selector says otherwise. My 07 4.7l has 5 speeds in Lo. I know there were some differences on the 06 models.