The big issue with the Cheap Trains of busses is the lack of commitment that is otherwise nice for transit authorities is not an advantage for real estate. BRT just doesn't indicate commitment to the route enough to really boost property. This is why even though tram lines are basically just busses that can't get out of the way they have a much more marked effect on real estate and neighborhood development.
The manned stations are not a distinct factor, by the way. Tram stations are usually not manned either.
Setting up dedicated lanes and then running a bus on them is just a waste.
What we can do is steal some of Portland's better ideas, and put up a green wall on either side of the tracks with shrubbery, bollards at every grey crossing (and gates on the pedestrian crossings) to separate the tracks cost effectively.
We can keep the body count low and trains timely, if we change minor things to effectively separate the rail from other modes of transit.
1 - http://www.king5.com/news/local/suv-crashes-into-sound-trans...
For instance, here there are a couple of bus routes which do every 6 minutes or so at peak times; each bus takes 80 people. However, the tram lines run every 4 minutes at peak times; each tram takes 360 people.