Oh good, pedestrians will only need to work about being seriously hurt then, but probably not dead.
I don't want pedestrians to have to worry about any type of injury!
You have to look at things in context, because pedestrian safety has a LOT to do with pedestrian behaviour, poor infrastructure, and motor vehicles, not whether a cyclist decides to roll through a stop sign at an empty intersection.
Cyclists and pedestrians can still get into conflicts with each other, but it doesn't happen as often and certainly not as severely as other types of accidents.
But here's some food for thought: the Traffic Injury Research Foundation out of Ottawa put out a fact sheet which showed that in fatally injured pedestrians, nearly 50% had alcohol in their system (the pedestrian, not the driver); 40% had drugs in their system.
In my experience as a driver, pedestrian, and cyclist, many pedestrians aren't aware of their own surroundings, which puts them at risk.
J-walking, walking before they get a "walk" signal, walking with headphones, not walking where they're supposed to be (i.e. wrong side of a multi-use path), not wearing bright clothing at night, etc.
Everyone has to be mindful of their own behaviour to increase the chance of being safe, but that's not to say that poor infrastructure has no fault in this.
But I can't really speak to the city experience, since I don't live in Downtown Toronto. In those cases, I do defer to what stats and studies say about cyclist/pedestrian safety.