I'd be interested to see the motorcycle accident/fatality rate controlled for rider demographics, using car accidents as the control. I bet the difference is much less than commonly indicated.
I think the risk is very controllable. It's also a "dose is the poison" kind of thing. I only average about one fairly local ride a week. I am quite sure I am safer than people who drive on highways every day.
The danger depends heavily on the driving environment. Suburbia and semi-rural areas are rather dangerous because you get a mix of fairly high speeds and many space cadet drivers (grandma, 16 year olds): the kind of people who back out of driveways without looking. In this particular urban area those risks aren't present. It's pretty safe 50mph free-way sprints and then stop & go in a grid system.