Its not rubbish, hes in the wrong. How would you like it if you were going through an orange light and someone pulled in front of you? Sure he was speeding and making a mad dash, however he should have waited until there was no cars, its not like he was going so fast he couldn't see him, or the light was blatantly red. He has no defence his insurance will have to pay out.
In those situations you should be extra careful as LOTS of accidents happen that way, and a lot of people do the mad dash for the orange light. A good habbit my dad taught me was if you are in that situation and going through an orange with the possibility of someone turning right in front of you is flash your high beams so they can be certain you are going through.