That seemed crazy to me at first, but the article states:

"Cyclists who grill red lights, as the previously-ticketable act is known in French, will have to yield to any oncoming traffic and, of course, pedestrians. They also must make room for entering traffic turning. Any accidents occurring while they are crossing will be deemed their fault."

OK, all in all that makes pretty good sense. It's up to the cyclist to make the judgement that it's clear to proceed.

With all the repaving work going on in my area, many red light sensors for bikes no longer work. I'd appreciate having the law on my side when I run those red lights (when it's safe to go, of course).