Interestingly enough Google Maps shows the before situation, but once you start StreetView it shows the current situation.
|Before: a junction with traffic lights and separate cycle paths.|
|After: roundabout with separate cycle paths, the lights were removed.|
Update: It seems people are taking this design presented by a guest blogger as something to aim for. Please note that this is not the safest design of roundabout which is possible. The particular example shown here closely resembles a roundabout in Groningen to which we take people on study tours in order to see how NOT to design a roundabout. This relies too much on drivers being perfectly behaved. and on cyclists having eyes on the back of their heads.
Other posts on this blog show safer roundabout designs where cyclists either don't interact at all with cars on the roundabout or where they give way on those arms where there are interactions. These other roundabouts provide a better example for other nations to follow.