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Nick Wallis has some photos on his blog of some of the work on bike infrastructure currently in progress in the town: On the bike 1 and On the bike 2.
Highlights for me include the "hole in the wall" behind M&S which will connect the tucan crossing over the ring road from Russell Street with the back of M&S and the East Street. Once completed, this will allow me to access the Pedestrian Heart from North Road without having to cross the Northgate roundabout. If the path along the river is ever extended past Magnet, a huge proportion of the population from the east end of town will be able to get from home to the town centre without having to ride on a main road.