Expected behavior: The belt and underground belt already stop when deconstructing it, I was expecting the same behavior for the splitter.
Mods: only YARM and EvoGUI, nothing game changing
Image: (fraps really makes the performance go < 10fps in a 60fps game, sorry about that)

This is just the end part of the deconstruction, I ended up with > 10 stacks iron ore in the inventory.
EDIT: Looking at the image again it seems the splitter actually does stop outputting items but is still accepting new items which have to be removed by the robots before deconstruction.