That wasn't put there for bikes; it was to slow traffic cutting through Fire Mtn to Pacific Coast Plaza.
If I lived in Fire Mtn, I would favor closing off direct access to Wally World altogether. This has been done in some cases where projects like that bring people short-cutting through quiet neighborhoods. My wife and I recently bought in OSide, but couldn't afford Fire Mountain so bought by Mira Costa, where I favor blocking Cameo Drive to keep yahoos from blasting down my street when cutting from Rancho Del Oro to College. If not that, speed bumps like on California St. Brother in law who is retired OFD called that traffic circle stupid because the younger engineers had trouble driving the ladder truck around it. (Of course he boasted he could take it at high speed in reverse)