A brewers perspective...after all, beer and wine yeast (as far as sacc c...not too sure about sacc b) are extremely similar its what they eat that really differentiates things.
I think its pretty well covered; but, fermentation comes in three phases: lag, logarithmic growth, and stationary phase according to Chris White of Whitelabs.
In the first phase taking place in the first hours after inocculation the yeast is uptaking nutrients and oxygen both of which are critical. The latter is critical as oxygen is used by yeast to produce saturated fatty acids and sterols which result in a healthy cell membrane capable of readily moving nutrients in and out of the cell wall as needed. The presence of adequate oxygen is also important as it means that as the yeast begins to multiply its subsequent generations will start off with a permeable cell wall.
The second phase kicks off in around 12-24 hours. This is where the yeast have fully loaded themselves with all the oxygen and nutrients they need and then begin attacking the sugars to provide the energy required for reproduction. The main byproduct at this aerobic fermentation is CO2 and bubbling/foaming becomes apparent. As this phase continues the oxygen is slowly scrubbed from solution by the new yeast cells creating an increasingly anearobic environment. It is at this point that the yeast then switches gears and begins producing alcohol as a byproduct of their activity. At this point in the game the yeast are so busy getting drunk off their alcohol poo they only care about eating more sugar and ignore oxygen so by losing their O2 scrubbing abilities oxidation becomes an issue and we need to be careful about how we proceed.
The last phase is when the yeast scrounge their fermentation byproducts and begin flocculating out of solution.
So, just like in brewing beer, there is no such thing as a secondary fermentation...it is a misnomer. If we rack off the yeast before we hit terminal gravity you do not get a secondary fermentation you get the continuation of the primary fermentation that was not complete, the action of moving the liquid will stir up the yeast some providing some renewed vigor as well as aggravate the solution so that disolved CO2 will come out of solution more rapidly giving the false appearance of a new fermentation; but, if we use the hydrometer as the measure of fermentation instead of bubble activity you quickly realize its all the same ferment.
The last thought, when they change gears from aerobic to anaerobic is really hard to know as the phases overlap to a certain degree and the speed in which the phases transpire will occur differently depending on yeast type, pitch rates, nutrients, oxygen, and temp. Again, from a brewers perspective, when I see a lot of foam on top (krausen in brewing terms) I know I'm producing plenty of CO2 which is protecting my beer/wine from oxidation and the yeast are still scrubbing some oxygen from solution. When that begins to falter I know the yeast are moving towards alcohol production and its time to really consider sealing things up.