Bike lanes were created so that bicyclists could safely ride without getting hit or falling into a huge pit full of spikes. They are there to make everything more safe. This bike lane, however, is not acting upon that principal. Don't get me wrong. I've been riding a bike for my entire life. I'm pretty good at it, but I'd rather just walk the bike in this case. I trust my balance. Just not that much.
The photo is absolutely incredible though. Imagine if it was shot the other way and no one ever knew the death-defying act these bicyclists went through. It just looked like two guys biking against a wall. I'd kill that camera guy. If I'm going to do something bad ass, you better take a picture that represents that. If I do something wimpy, please destroy all evidence.