Fair enough. Pedestrian-friendly remodeling of intersections is also being done here in Europe, but AFAIK always by widening up the entire intersection and sacrificing parking space. This is IMO a sensible approach, since parked cars are dead space and thus should be absent from a busy intersection.
[1] http://commons.wikimedia.org/wiki/File:Stra%C3%9Fenkreuzung_...