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@ads
I strangely quite like riding that bit, nice and flat / straight. Get your speed up. The bus are so irregular and crap that I tend to have the bus lane to myself most mornings. There is also a really nice route up from sydenham to Depford which follows the river / parks, hardly touches a road, brings you out by Depford DLR.
London is such an incredibly diverse place that differences between neighbourhoods you may or may not like occur at street level. My opinion on Ladywell (described above) is actually good, some really nice streets and close to Lewisham for the shops. I am sure there are bad bits too though, I just haven't been there.
New Cross is a bit grotty and I wouldn't live there, however, things are changing there with a number of pubs getting tarted up for us young folk.
Nice parts in SE London in my opinion are Forest Hill, Honor Oak, Brockley and Peckham Rye. The White Stripes played in Brockley recently. Nobody got stabbed ;)