GT3
Like MMouse says, the system works well and I can only think of LGW and SIN that use the same procedures [and I never cross a red!].
However, as 99% if the worlds airports manage without it and now that the block numbering system has disappeared I wonder if it is time to bin it for all but occasions of Low Vis perhaps.
It can cause delays and increased stress in its own right, as an example, waiting to cross from T4 for a 27R departure at the 23 intersection (S4B?). After the landing xxx cross and backtrack 23. The reds can't be given until the lander has passed, by which time the next is getting to about 500ft before the greens come up. Next thing the tower controller starts asking you to expedite. Without the requirement for greens we would have been across sooner.