main problem still is that this junction was built as a high speed roundabout interchange for two dual carriageways ie safe for motor vehicles travelling at motorway speeds… adding traffic lights just turns this into a cross roads junction on top of the old high speed slip roads…
until the first design is addressed it will always fail as a junction for cyclists pedestrians AND car drivers… adding traffic lights to roundabouts and not changing the road layout will always be lethal for cyclist and pedestrians… at bow there is heaps of wasted space and wasted time for everyone using the junction, TFL are completely useless handing the job on the lazy and expensive consultants and the DFT guidelines equally lacking in imagination or quality to improve things.
I would agree that the best option would be to completely redesign the junction to a low speed low capacity affair appropriate for people to use rather than just motor vehicles. After all, the bulk of the through traffic uses the underpass. This would be both very expensive and hugely controversial and require a political will to constrain the volume of motor traffic.
However, I do take issue with your comments on traffic lights. While, the only motivation for their installation will have been to make the junction work for the volume of motor traffic, traffic lights do improve conditions for cyclists enormously. They solve the two biggest problems cyclists suffer at large roundabouts:-
1: Drivers failing to give way to cyclists on the roundabout.
2: Having to filter into a gap in a high speed traffic flow.
They also reduce the speed of traffic.
Yes, a large busy roundabout will always be unattractive for vulnerable road users, but I would prefer to tackle a large busy roundabout interrupted by traffic lights (and preferably spiral lane markings) than a large busy high-speed free-flowing roundabout any day.