This is very interesting that someone noticed this. As a Yukon Denali owner as well, it sounds exactly like the engine is completely shutting off on deceleration. I am positive I know that sound. As soon as you give it some gas, it sounds like it "farts" as it fires all the cylinders back up.
I don't know if this is the case, but I know the sound and believe that this is what's going on here. No combustion on deceleration (in easy driving.).
Edit: Though we hope you know that the Eco mode shuts the engine off if you're just sitting at a light. You'll see it on your tach that the engine's off.