The province wants to widen the entire 401 to 6 lanes eventually. I'd assume the section east of the 416 is the lowest priority, however.
Getting a third lane between Tilbury and London would certainly be an asset. The truck traffic there is insane. It sucks when they block both lanes (trucks passing other trucks). Trucks over 6.5m can't use the leftmost lane on most sections of the 400-series with three lanes or more in a direction.
A little sad that the work in London has been postponed yet again but I'd like to see the west side rebuilt soon. The weaving at the Highway 4 interchange is likely the worst in the province (if not the country) and the new overpass/interchange at Wonderland is more than warranted. Perhaps these will still be on track to start/finish in 2015/2016 with all the work done 'beyond 2017' (Highbury Expressway reconfiguration, bridge replacements at Westminster overpass and Pond Mills and CNR underpasses, VMP expansion, 8 lane widening from Wellington to Highbury).
Regarding 10 lanes between Highway 8 and 24, it's certainly warranted. Roughly half the 401's volume leaves/enters at the Highway 8 interchange so seeing two dedicated entrance/exit lanes will certainly help. Seeing them pushed all the way to 24 will be good too but this junction doesn't need 2 dedicated exit/entrance lanes right now. Perhaps once the 401 is 8 or 10 laned to Milton only one of them will become a through lane.
It is incredibly crazy just how much this province relies on one highway. The 401 is truly the backbone of Ontario's road infrastructure.