Some people do learn with their mistakes. It is human to make mistakes, stupid to re-commit them.
It was a dangerous accident and, with big chances, could have killed an innocent person. Jail will most likely not be considered in this case but a loss of licence would be not only be fair but also make the driver think twice before speeding again. That being on the drivers record, if there is a second time, jail would be more than resonable (PS: not necessarily share a cell/ have contact with murderes, rapists or paedophiles. There are different sections for different sentences). Strict legislation only apply to who deserves it/ take chances. Be smart, be safe, avoid a fine, do not worry about jail. Peace.