That happens to be one of the most critically acclaimed pieces of automotive cinematography of all time. Of course, very few people even knew it existed until the DVD was released several years back. A few of automotive magazines wrote pieces on it.
If you read the article it says that the guy was unable to obtain a permit to film the piece and close streets, had a "professional Formula 1 driver" (whose identity is unknown to this day) do the driving, and upon showing the film, was arrested. Classic.
If you think about it though, he achieved exactly what he was hoping for with this piece. The driver has a woman waiting for him, and he needs to see her so urgently that he throws caution to the wind, as silly and stupid as it may be. Stopping at red lights would ruin that.
All other discussion aside, that Ferrari sounds AMAZING!