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I think it was stupid to rip the streetcar rails out in the first place and I think it's pretty silly to go through the bother to reinstall them again. The only good thing about streetcars over buses is that they are viewed as upscale. Admittedly, they run on electricity so they don't add to smog in the city center, but many buses run on natural gas, which is also very clean.
Buses are cheaper, and more flexible. If populations shift, you can drive the bus to a different neighborhood. Changing bus routes is easy. With rails, you are stuck literally in a rut. You can't drive around traffic jams. If some jerk in a car is outside of his lane and is blocking the track just by an inch or two, you have to just sit there and wait for him to move.
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