I won't defend the tower or its repetition of the grey cube theme that all too often afflicts Toronto - and in this case, it is a rather beefy cube. The podium is a bit better, creating a solid streetwall with two volumes and a sharp light/dark contrast (with some form of public art coming to add some pizzaaz to the pedestrian experience).
It is true that the table-top height restriction has created a sense of emergent uniformity more suited to a planned economy than an entertainment district, but to suggest uniformity of design is disingenuous. The Peter/Richmond intersection is one of the city's most interesting in my view, with QRC and its inventive adaptive reuse, Tableau and its striking black cladding and engaging curves (to to mention neon green art piece), the orange city shelter, and plans for an interesting podium on the southwest corner. Plus there is Picasso, arguably Toronto's most playful tower. Even the relatively banal towers in the Festival cluster are fairly distinct - though there is a grey cladding theme that begins to emerge with Bond and Pinnacle. Hopefully PJ will be a good addition. Nonetheless, a few of the recent proposals have been terrible (i.e. 40 Widmer), and the ED is always threatened by grey banality - but it isn't all bad.