This is NOT a new design and was not designed by Nick Falbo as the article stated. It has been standard practice for some decades in The Netherlands, Sweden, and Finland and is becoming more common in Copenhagen, Germany and elsewhere. It is the most typical design seen in a grid of streets though is just one of numerous designs that Dutch engineers use.
This was originally documented by Mark Wagenbur @ bicycledutch.com in 2010 with an update here:
Junction design in the Netherlands | BICYCLE DUTCH
This design works very well for bicyclists, pedestrians, and motorists. It provides less congestion for all and is safer than other alternatives.