It's really becoming a useful node. The last recession stopped everything dead in its tracks, but now that more and more stuff is going in, it's actually serving its purpose. For people who no longer enjoy the hustle of downtown, or the grunginess of Queen St, they can actually do stuff up there like go to restaurants, maybe catch a movie, or stroll through Chapters.
And hey, regardless of how it looks, there are tens of thousands of new people living on the subway. Much better than having them live in sprawl, or even a less transit friendly node such as Etobicoke waterfront or MCC.