This report is not about the & bitwise operator it is about the & wildcard that matches a standalone word, which you could have known because I explicitly quoted the line that says:
73.Can now use & character as a wildcard one word match, eg.
& lines would &
These lines would match
There's no reason for: //if (& iswm &cd) echo match
not to work, as it is a completely unambiguous iswm statement.