Sure, it needs to be something that is everywhere for it to work properly, but it has to start somewhere to get everywhere, and unfortunately we need some bits of this that then get used lots in order for us to say "build it and they will come".
So although I agree it's well fucking dodge and any cyclist needs to be seriously aware, I think it's an improvement - I also think that you are reducing risk in all those bits in between side roads whilst increasing risk whilst passing side roads, which I think is probably a worthwhile trade off. Over time (and with increasing numbers of segregated cycle lanes with cyclist priority), drivers should get used to how this works, reducing the risk back down.
I haven't been to the netherlands for many, many years and didn't cycle when I was there anyway so I don't have personal experience of their cycling infrastructure (or that of Copenhagen or Germany).