I think one small disappointment is that the report doesn't really say anything much about the effect on the street. I appreciate that the people who planned CS7 didn't really have much of an ambition beyond the blue paint, but in the Days of Ken TfL were eloquent about the positive effect of cycling on the streets.
So much priority is given to buses and bikes from Clapham North down to Merton that you could say that the main road to Dorking is really no more - no sensible person would drive a car from one end of the other during commuting hours. Vehicle speeds have dropped, and bicycle and bus speeds have increased. I think that pedestrian use and confidence has increased as well, although I've no data to support that. If that were the case then, just as bus lanes gave the most extraordinary lift to cycling, the greatest and most beneficial effect of CSHs might be to aid the recovery of high streets, (which makes the chickening out at Stockwell and Elephant even more sad)
I agree entirely with Jonesy on the establishing of direct routes, although CS7 is really just affirming the choice of the bomb-dodger generation of cyclists. CS12 and CS2 (due to open next year, and up and running for the Olympics) are much the same, but CS2 funks the Bow Flyover, and stops short of Stratford, which rather calls the point of the thing in to question.
The big test will be the CS9. CS10, and CS11 from Hounslow, Park Royal, and Hendon, due open in 2015. These major arteries are not used by anything like as many cyclists as the CS7 roads, and you can only respect TfL's endeavour.
Personally I'd love to see one run in from Harrow along the A404, which is a miserable road in so many ways. I reckon that, just as Clapham High Street has benefited from CS7, bits of Harlesden and Wembley would be lifted by the blue paint treatment.