They installed one about a year ago in a fairly busy intersection on the college campus where I work.
On one hand, it's nice to no longer have to wait at the light when traffic is light.
On the other hand, they can be a disaster at other times in the day and year. As a college campus, we often have the dangerous combination of drivers who are both overly aggressive and just bad drivers(don't watch, drive too fast, etc) at the same time. I've seen far too many near accidents from people who fly around the round-a-baout at a safe speed, cut off drivers when there's no space, force their way in, and everything else. Then we also have the ones who just freeze at them and won't merge in until the circle is empty...
Someone above mentioned the double crossover diamond, or double diamond. It was a big deal when they first installed one here in Kentucky. Truth be told, I actually rather like the design. The way it's put together, there's virtually no way to get "confused" and end up in the wrong lane. More importantly, look at a diagram and trace it and you'll see just why they work so well for busy intersections-specifically they almost completely eliminate across traffic turns. The one in Lexington, KY is at an intersection that use to be a disaster at 4:00 in the afternoon and now basically moves freely all the time.