This is a profoundly uninteresting result, given the current-day technology in question is "a dozen lights attached to a timer." Add devices that are several orders of magnitude more expensive and yeah you'll get something better- that they only achieve a factor of two improvement (in theory!) reads as a stunning failure of autonomous vehicle technology to pull their weight in this regard. (Granted, more clever schemes might be produced that might get better results from this scenario- it's hard to prove that they can't be effective.)
Better idea- instead of having the world pay for sensor/communication systems on every car, have the same sensor packages installed on the traffic lights so that they can operate in a smarter fashion. Orders of magnitude less expensive, and quite possibly as effective in reducing traffic backup.