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I see a few a day and I agree with you. Their use benefits us all through lower emissions and less strain on the buses/tubes etc. And the people I see riding them are definitely not people who would otherwise ride or walk. Seem to be people who dress smart for work and don't want to sweat etc. This is backed up by the one person I know who owns one and he definitely fits the category.
Cheers, it's a shame IMO. Anything that reduces emissions causing traffic is positive for me, and requiring insurance/registration/MOT/whatever for these things to make them road legal seems like overkill.
I don't own or want one, but seems like a step in the right direction for people that can't/won't cycle.