My approach depends on the traffic. I will always acknowledge the existence of the sign, but I will not always come to a complete stop, simply because start up time on a bike is not very fast and from a driver's perspective, holds things up. If it's say, Saturday morning, and there are no cars in sight, I will slow down to double check, then go through. If there is one other car, I will give them the right of way unless they clearly indicate for me to go through first. I try to gage my speed so I don't completely, totally stop and have to put my foot down, more like hover, then go when it's my turn. I think driver's seem to appreciate that I make an effort to get through the intersection as quickly as possible. Sometimes there is a car ahead of me and I have to stop and wait for my turn though, but that doesn't happen all that often for me.