Legal question, pedestrains(boo) vs. cyclists

pedestrians always have right of way
Where is this stated? Rights of way are prescribed in various bits of legislation and case law.

and are considered the most vunerable road users
Right of way does no always equate to being right.

. And if i can't stop given 2 meters and no notice, then i'm speeding.
According to what? What other vehicles does this apply to?

Also, if the rider, or if the pedestrian gets hurt or a bike is damaged in a senario like this would it even be possible to handle it like an incident involving a motor vehichle? Insurance or anything?
In that any claims may be made against either party, yes. Neither bicycles, nor pedestrians, are required to have insurance for this eventuality. There is an argument that getting yourself insured as a cyclist is a good idea - the LCC / CTC have this as part of their membership packages.

criminal charges of wreckless riding, or being a dickhead idiot who walked out into traffic like a twat without even looking cunt!
If there is, there is specific legislation. Careless cycling, and dangerous cycling, among others. These are often applied with a different logic than, say, careless driving or dangerous driving.

I am not aware of any offences that apply to pedestrians as road users.

We all know that cyclist are my far the most vulnerable and least dangerous road user. Does the law even consider pedestrians road users at all? they ain't even got wheels man.
The road covers the carriageway and the footway. Pedestrians are road users, and more vulnerable than cyclists.

As with cyclists, however, this does not absolve them of personal responsibility.

i don't want to get into what big holes most pedestrains in london are and how most of them have no regard for riders safety and how surprisingly often they try and have you off and how we can't ever say anything because the can just say we go through red lights and how it's killing childeren and get liscences and helmets, and you can't sit there, no ball games, no fun, don't do that, go away. I feel we should avoid that.

Maybe a clever person could get some nice statistics of wether the law favours cyclists or pedestrians
If you chose objective measures, maybe.

and if anyone ever get's hurt by bikes,
These statistics exist, both for London and the UK. Get Googling.

i can't really see a pedestrain coming of worse that a rider though.
Physics disagrees.

tl;dr

As a reponsible cyclist (whether this is dictated by what is legal, or just by good practice) you need to be aware of the conditions that you are cycling in.

If you're filtering, hazards come from all angles, with little to no notice.

So ride accordingly.