Cruise control just doesn't seem to work well in this country. First there's the obvious dangers of using cruise on urban and suburban roads. The system on my car won't even work below about 40mph, and the manual says that's for safety reasons. The makers clearly feel that cruise control is fundamentally unsuitable for these roads. 'Nuff said. I'd seriously worry if there were large numbers of cars out there that could use cruise control on urban roads. I can imagine police clearing up after an accident being told "I know I wasn't speeding officer, I'd set the cruise control to make sure".

I'd say if anything even the 40mph cut off point on my car is too low. IMO cruise should only ever be used on motorways and dual carriageways so 55-60 would probably be more appropriate. If conditions are forcing me to reduce the cruise any slower than this it's probably better to switch the damn thing off and take full control myself.
The next problem is space. Let's say for the sake of argument that the overwhelming majority of cars had cruise control and that in dry weather most owners set it to 70 as soon as they were on the motorway. [sarcasm]Yippee, virtually no speeding.[/sarcasm] But would widespread use of cruise control further reduce gaps between vehicles? A 2 second gap is pretty unusual these days as it is, and if everyone was toodling along on cruise I suspect it would become even rarer. I feel that if drivers are encouraged to turn over responsibilty for car control to vehicle electronics, we will end up with more drivers who no longer feel that they
are responsible for car control. Call me a luddite, but that doesn't sound like a step forward.
The idea of limters doesn't sound exactly wonderful either. The 56 mph limiters on HGVs was mentioned on another thread, and there was a suggestion that truck drivers end up driving foot to the floor and struggling to overtake each other on motorways. It was also mentioned that long distance driving on the limiter is mind numbingly dull and may reduce driver awareness. If that's the case why have it on cars as well? I would also argue that there are rare circumstances where the best way of avoiding an accident is to accelerate out of the danger area and stuff the speed limit. It could be interesting if you try to do this and remember slightly too late that you've set the limiter. Sure, such circumstances are unusual but that wouldn't be much comfort if you're in an ambulance as a result of your own car denying you full control of your speed.
Even on motorways it's rare that I ever use cruise control anymore. I was quite excited about having cruise when I first got the car. Okay, that's a bit sad I know, but I'm a bloke so I like gadgets. That's not a crime - well, not yet anyway. What I found was that in reality cruise control is about the most pointless gadget I've ever had. Too dangerous to use on urban/suburban roads, too frustrating to use on fast ones. Dealing with motorway traffic means constantly having to switch the damn thing on and off until you get to the point where it's easier not to bother using it at all. 2am on a Sunday morning is fine, but during normal hours forget it. Even weekday afternoons I often find it's just not worth the effort of switching it on when I know it's going to be turned off again in a mile or two. Not quite chocolate kettle territory, but not far off.