It might still be possible to get more money to bikes and transit projects from MTC. Check out Transbay Blog's post about tomorrow's meeting. If you go, tell them to shove the road money.
My annoyance goes far. They have done no modeling to see what would happen with Oakland or San Francisco core BART expansions in terms of land use and green house gas changes. There's no real true modeling as the Streetsblog post mentions to real bike infrastructure and improvements to Muni and other agency bus movement would go a long way as well. Curbing cars with congestion pricing downtown would be good, but only if they improve transit capacity and speeds into downtown and the areas within the cordon. As I always say, it shouldn't take me an hour to go three miles on the bus. That should be the goal, better transit service, not better car service during peak hours.