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Wales lowers speed limit to 20 mph to cut car use and save lives
(www.euronews.com)
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I'll bite. Arbitrarily lowering speed limits while still leaving the road the same means many people will drive the old speed (as that is what will "feel" right). Great if you're trying to rack up photo radar ticket income, not so great if your motives are better safety and fewer cars on the road.
They're not just lowering the speed limit. From the FAQ:
So no, currently they're not doing anything else.
Technically, they aren't doing anything. This is "just" an announcement if you're going to be pedantic.
Waterloo, Ontario, Canada is going through a similar process of lowering speed limits in residential areas. The planning staff said they needed the speed lowered so they could implement these traffic calming measures, otherwise the speed limit would be higher than the street design can accommodate. Obviously, the devil is in the details, but it's a good and important first step.