Sounds like a very good set up, in fact that is the whole point of the red+amber, to let you know that the opposing traffic flow has an amber light.
This is exactly how it should be. From what I have read (and I have read quite a bit about these things) it is perfectly legal.
The green light only means you're allowed to proceed (oh thank you masters), it doesn't mean it is safe to do so.
Most of the lights around here have at least a 2 second all-red phase which is crazy. It is pointless waste. Of course they sell it as a safety feature, but even if that has any truth the side-effects are worse. People get used to trusting the signals to keep them safe when they should be looking out for themselves, and/or get used to ignoring the first, err, 2 seconds of red.

You obviously have read a lot to be using the word 'intergreen'.
