We're closer to having lidar in all new cars than this mesh network, so "There's a bike behind you travelling approximately X speed" is something the car already knows. "The cyclist requested you not to turn in front of him" - why would anyone ever send anything else?
Perhaps the car can send you a message instead "I'm going to cut you off and there's nothing you can do about it" but even if that might actually improve safety I don't think it's the change you'd want to see.
Funny how garmin varia gives the exact same information but on cars. "There's a car behind you travelling approximately X speed" (which is most often over the speed limit anyway)
Even if the network was there, it's a difficult physical/technological problem to figure out everyone's relative position and velocity to suitable precision with something like GPS, or GPS + accelerometers. But mostly solved with lidar.