They take up a lot of space and they can be inconvenient and potentially unsafe to pedestrians. Unsafe for the same reason that right turns on red are unsafe: drivers are looking to their left for traffic and not to their right.
They were rare in the US before, I want to say, 15 or 20 years ago but I see them all the time now and new ones are always being installed. Good traffic devices, with the above tradeoffs in mind.