Clearly, the design of the road has an incredible influence over what speeds drivers feel comfortable - and uncomfortable - going.
There is a road near me (SWFL) where everyone routinely goes about 50 MPH, despite a 35MPH limit. The road has three lanes on each side, ditches on either side, a wide median, and dedicated turn lanes to get on and off. It's uncomfortable - and often dangerous - to follow the posted speed.
For any major road, it seems like the best approach would be to build it, then test what speed the majority of traffic goes on it before setting the limit. Get the average speed, add 5, and post the sign. If the speed is too high for the type of road, it should be redesigned. Surely it'd only take a couple of tries at the process before we figured out how to make a road where most people would drive the speed we intend.
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As for electronic speed monitoring, there is another nearby road that's posted at 50 MPH that google maps insists is still 35 MPH. If electronic speed monitoring goes to its natural extent, that sort of mistake could result in hefty, unjustified fines or even jail time.
In any case, I have a feeling that this is a band-aid solution that will further discourage the average consumer from purchasing new cars.