Need help identifying what exactly this is and does. Black wire on ignition switch?
 

I have searched and have had no luck. Checked the FSM and wasnt able to determine what exactly this wire does..Hell i dont even know if wire is the appropriate name to identify what this is. Anyhow...what is this and what is its purpose?

http://i.imgur.com/KXvkWcd.jpg

Auto shift lock, prevents you from removing the key when the car is not in park.

thank you for the clarification, the owner of the car before me did a hack job with the wiring...the car was an auto to manual conversion so I was clueless as to what it was. Its snipped after about 4 feet, should i leave the wire as it is or remove it?

It's actually a cable not a wire, I would disassemble it at the cylinder and pull out the lock. Although I have no idea how the mechanism works.