The thinking of the engineers was essentially that it's OK for the bridge to bend and buck around all over the place, so long as it stays above the water. It's OK to lose a couple of cars over the side to flex and roll, if doing so keeps the structure up and the thousands of other cars on the bridge out of the Bay. They may be right in that assessment, but I gurantee that the drivers on the bridge will be wishing for those view obscuring high guardrails when the Big One hits :)
The bridge is actually designed so that each prefab section can flex up to 3 feet without failing, and the entire bridge could shift something like 15 horizontal feet over its entire length without collapsing, or be shortened or stretched up to 3 feet over its span without the bridge buckling. It's a feat of engineering, but it would be terrifying to actually be ON the bridge when that happened.
Here's a video simulation of the new bridge in a quake. It doesn't go into the numbers, but just look at the deck flex!
http://www.facebook.com/video/video.php?v=1251601616789Of course, not everyone agrees. There are entire websites dedicated to slamming the project, most prominently
http://www.oaklandbridge.com/. If you visit the Questionable Seismic Safety link at the top of their menu, you can read a paper by a UC Berkeley Structural Engineering prof describing how he suspects that the bridge will simply collapse in a major quake. CalTrans doesn't pay him much attention, and maybe you shouldn't either, but the love for the bridge design is hardly universal. I personally don't understand why they simply didn't build another conventional suspension like the western span.