A decade ago, this was an option, and likely the best option - if you mean extending it north-east.
If you want to extend it to downtown, then it's not being considered becasue of the extra delays, lack of believability that anything will be done, and the huge political capital that would be expended with nothing to show for by the next election.
Projections would now have over 12k passengers (*) per hour transferring from the SRT route to the B-D. (possibly some may transfer to Eglinton LRT). This is a huge number - maybe the equivalent of forcing every third peak Yonge subway train to completely empty out and do a transfer. The Scarborough public would not expect this and does expect that transit should actually be getting better.
(*) Based on 2012 study -
http://www.metrolinx.com/en/regiona...itscases/Benefits_Case-Eglinton_Crosstown.pdf