I have to say though, I'm pretty satisfied with the plan that is shaping up (even though it's not official). There are still some spots where details haven't been released, so I don't know if I 100% agree with them or not, but going into this whole thing, I (and other like-minded people) had a few goals that I hoped the new plan would achieve.
1) Downtown Relief Line: Obviously isn't in this plan, but at least it's somewhat on the political and planning radar (DRTES).
2) Elimination of the forced linear transfer at Kennedy: Given that the SRT will likely become part of the Eglinton Crosstown, this issue is eliminated. Yes, I will admit that my preference was initially for an extension of the Bloor-Danforth subway, but hey, this does a lot of the same thing, and won't cause any delays.
3) Complete grade-separation of the Crosstown route: Whether it will be tunnelled the entire way or not remains to be seen, but either way, I'm happy that it will be entirely grade-separated.
4) Stopping the Sheppard subway from being cut off at its knees at Don Mills: I was never a fan of the SELRT, and quite frankly I'd much rather see that $950 million be spent somewhere else, than on an LRT out to suburban never never land. Whether or not Ford's vision of a Sheppard subway ever becomes reality is doubtful, but either way, the status quo or a relatively minor increase in bus reliability, or a BRT-light service is fine with me.
So 3 out of 4 things on my wish list isn't too bad. Considering the disaster this could have been, I think this turned out fairly well. We're getting a true midtown crosstown line that will stretch from one side of the city to the other. Even if this is not the grand vision that Transit City had initially set out, it's still the single largest transit infrastructure project that the City of Toronto has ever taken on. It will be longer than the Bloor-Danforth subway, and longer than the Yonge and Spadina subways when counted as separate lines (they weren't originally planned as one line). You can't help but call that a victory.