Yes, some traffic is being taken off Market but it's a long way from being made into a pedestrian mall. I'm not sure you'd want one on Market anyway. It's not a very pleasant stretch of the city for the most part for reasons that are only somewhat car traffic related.
This brings up an interesting question. What street(s) in SF would be best for a truly automobile free pedestrian mall? My first thought would be the embarcadero, but it already has a very nice wide sidewalk and I think closing it to cars would be a pretty large hindrance to traffic.
Yeah, the Embarcadero is already pretty pedestrian friendly and it's a rather essential thoroughfare that can't be easily bypassed.
In downtown-ish area? Presumably in and around Union Square somewhere. You already have a mini restaurant version in Belden Place. There's a lot of traffic through there but it was already being messed with by lots of construction for ages.
