http://library.queensu.ca/ojs/index.php/surveillance-and-soc... (UK) http://library.queensu.ca/ojs/index.php/surveillance-and-soc... (Norway, replicated in the UK a couple of years ago, but I can't find it offhand) http://www.tandfonline.com/doi/abs/10.1080/13600869855469#.V... (More meta piece on it)
CCTV hasn't exactly been the panacea that it was made out to be. In fact, councils and private companies have gone ahead with CCTV systems despite the fact that the cost/benefit is dubious at best, and a pretext for reducing staff numbers in a significant number of cases.
tl;dr - Not the end of the world, but not great either, and has paved the way for a number of subsequent surveillance modes.