Pedant warning: people confuse modern roundabouts with old fashioned rotaries/traffic circles. A lot goes into the design of roundabouts. In moderately busy areas they work great if they're well implemented. The old rotaries on the east coast are fine, but not so systematically engineered.
http://en.wikipedia.org/wiki/Roundabout#Difference_from_traffic_circles
Nice thing about roundabouts is that they reduce accident severity and—once people figure them out—frequency. A roundabout has no place for a head-on or right-angle to happen, traffic all moves in one direction, pedestrians never have to cross two opposing lanes of traffic, you get rid of some costs associated with signals, they never completely gridlock, etc. Plus, they're cambered to limit speeds such that just a little bit of throttle on exit is exciting. :)
These diverging diamond interchanges are rad. Definitely the sort of thing that would be a hard multi-million dollar sell to a planning commission back before they could be modeled in computers.