I'll explain why I am saddened by the 37m decrease, and it has nothing to do with rankings of cities or the specific final height being more or less than 300m or 1000ft (numbers I had no idea signified anything before I began paying attention to this forum, and that includes the many years I paid as close attention to the SSP Ottawa forum).
The 37 metre decrease will make a significant difference to the interplay between The One and One Bloor East. A few days before the DRP session where the height decrease was announced, I was telling some friends how The One would be approximately a third taller than One Bloor East. We were near Yonge and St. Clair, where One Bloor is looking very impressive these days. They were surprised, impressed and excited to see it someday.
It has to do with marking an important intersection in Toronto with a landmark tower that will be seen from a greater distance. It has to do with creating a more visually interesting skyline at Bloor-Yonge than will be accomplished with The One and One Bloor East being much closer in height. It has to do with reducing the visual slenderness of The One's design.
These are the reasons I am sad the 37 metres were dropped. But these reasons are not enough for me to think the sky is falling or to lose my more general enthusiasm for this project to get built.