I dislike it because it slows my consumption of the map; annoying while walking, possibly dangerous while driving. We're all accustomed to reading lines of text in their entirety, which results in endless repetition here. Training the eye to look only between one set of red dots may be possible, but I doubt it would ever be as effortless as reading a discrete word with whitespace around it. I do agree every road should be labeled when there's space - perhaps even at regular intervals when there's space, but making the labeling continuous is counterproductive.
Apart from being easy to consume, the map tiles must also be in sync with the company's brand and design ethos. Its hard to imagine Apple's minimalist aesthetic delivering these tiles.