In my city we have a few areas of Shared Space. The idea is to reduce vehicle dominance. The pedestrian as just as much right to be in this space and should be accommodated by the traffic. It drives me up the wall when drivers drive too fast in the space and do not stop/slow to allow pedestrians to move about the area. We have an area along a very busy beach area. There are lots of children around and lots of ice cream parlours etc within this area that the children could be going to. You literally have to walk out in front of the cars to get them to let you move across the area. We have another area which is a big square and is shared with buses. The other day my friend and I were walking across it and a bus came up so fast to us that we were frightened.
I've seen Shared Space in the Netherlands and it works really well. It just doesn't seem to work here and I think probably the beach area they'll probably pedestrianise as some drivers make it dangerous.