Bourke Street Bicycle Road

Anyone got any thoughts about this recent announcement by the Sydney
City Council?

There's some interesting 2007 stuff from when the Sydney City Council
Cycle Plan was launched at:

http://groups.google.com/group/aus.bicycle/browse_thread/thread/6b252d8b773b18f0/fa9f0c752b84cb9b?hl=en&lnk=st&q=bourke+cycleway#

.... but the two-way bikepath scheme has since been moved to Bourke
Street (which isn't as wide as Crown Street) and is meeting a lot of
opposition from the residents and cafes there. Some as yet unknown -
but sizeable - number pf parking spots and/or trees will have to go to
squeeze it into the very narrow bit around the "Il Baretto" where
Bourke Street crosses  Arthur St in Surry Hills.

The original Crown Street plan is pictured at:

http://www.sydneymedia.com.au/html/3231-new-bicycle-lanes-to-improve-safety.asp

The Bourke Street announcement (pretty light on detail) is at:

http://www.cityofsydney.nsw.gov.au/Development/CityImprovements/RoadsAndStreetscapes/BourkeStCycleRoute.asp

Detailed draft plans (approved in Nov 2007) are at:

http://www.cityofsydney.nsw.gov.au/Council/do***ents/meetings/2007/Traffic/211107/071121_STC_ITEM34.pdf

Is this going to be safer/faster/better than the existing Bourke
Street Bike Lanes?