Luckily it isn’t a very busy road, so you don’t get held up for long. I think most locals take it in their stride.
On looking at it more closely, it doesn’t look like it’s moved at all, within the margin of error of repainting and resurfacing the road.
This link nails it. Note especially the small water main access cover in the fourth stripe from the left, viewed as in the album cover (highlighted in red on the animated GIFs). That is still there today and still in the southern end of the fourth stripe, albeit painted over. (Street View close-up, image date April 2012.) So Beatles fans can rest assured that they are crossing in the right place, and Westminster Council don’t know what they’re talking about.
(Too late to edit, but for those who said the webcam looks nothing like the album cover, that’s because it is facing south, i.e. the opposite direction to the famous photo. The street is actually very little changed since the Beatles’ day, so I’m not quite sure where the legend that the crossing has moved came from. Maybe the fact that the sleeve photo was taken from on top of a stepladder, so tourists won’t be able to match the perspective by simply standing in the road?)
That makes me happy.
Thank you.
When I was in London, I had to go there. 
I walked up from Oxford St, wandered around the location for a while, and then walked to St John’s Wood tube station, where I found a small shop selling Beatles memorabilia. (I bought a reproduction Abbey Road sign for a friend.)
Looking at the webcam, I see a) that it’s dark, b) one pedestrian walking along the [del]sidewalk[/del] pavement, c) one car, and d) one [del]truck[/del] lorry. I suspect that this is because it’s 23:30 here in Toronto, which means that it’s something like 05:30 in London.
Incidentally, the webcam has sound! How frequent is that?
If I remember right, that monument in the traffic island in the background had a plaque that said it was put up as a memorial to some random dude by his friends. Brought a tear to my eye. How many of us have friends who would put up a monument on a public street to us?
He was a sculptor, Edward Onslow Ford. “Erected by his friends and admirers”, as seen in the last photo here.
I love how in the street view there is a guy on the sidewalk taking off his shoes and socks so he can be the “Paul” in his group picture.
Wow. The webcam even has sound.
It’s funny to watch the American suburbanites scurry across because they feel so guilty at the idea that anything should ever hinder auto traffic.
Especially as the crossing seems to be temporarily closed off.
I hadn’t noticed that! Shame they’d have got the temporary barriers in the photo, looks like there were some roadworks going on at the time.
Okay, notable, not random. 
If you look at the photographic evidence, I’m sure you will see that the crossing location has in fact NOT been moved. The “Zig-Zag” lines were added for safety due to the increase in traffic since 1969. The light pole on the far sidehas been moved closer to the corner. The relationship of the crossing to the entrance to “Abbey House” & “the AbbeyRoad Studios” is in exactally the same place.
Pedant note: Zig zags were not added due to an increase in traffic, they were added because it was the new standard.
Oddly fascinating. It’s currently about 7:20 pm there and raining. No apparent tourists. I keep expecting the cars going opposite ways to head-on collide.
The “New Standard” was adopted due to the increase in traffic. Come on!!