Need Help on Jump Stop Rule

[nicksti]

With the help of a video demonstration from an NBA's player, here is a video of Sacha Vujacic showing how to do an effective jump stop:

Basketball Shooting: Jump Stop | PlaySportsTV

Here is my question which came up after the rule change in the NBA:

Is it legal to dribble the ball towards the basket, jump stop, and then hold the ball (not shoot or pass)? In the video, Sacha always shoots, but is he allowed to hold the ball after his jump stop and not shoot/pass?

Thanks.