I still think that even with the lights they still distribute traffic better than an average intersection. At an intersection, a green light phase is shared by people turning left, right, and going straight ahead. At those roundabouts with lights, at a green phase everyone goes straight ahead... traffic flows smoothly.
Another interesting thing that they sometimes do (such as in the case of that first roundabout (M4) I showed you) is have "Part-time signals", where the traffic lights are only used during rush-hours and it's a free-flowing roundabout during all other periods.
I know one design they've started using at highway interchanges two small roundabouts instead of one large one, like along the new A13 east of London.
Example. This doesn't help us much when it comes to a high-traffic urban intersection unless they're considering building an overpass.