Ugh, I personally am disappointed. While I like the tower portion much better in this second iteration, I see the podium treatment as a very sad, sad, sad compromise. What was the point of saving that Frankenstein kangaroo of a building, half Victorian half po-mo hair salon extravaganza, only to gut it and treat is as a very compromised portion of the facade of a podium which was clean, coherent, structurally expressive, powerful and bold in it's previous incarnation. Blegh. I'm not sure Kristyn Wong-Tam has anything to celebrate right now, except perhaps trademarking a "made-in-Toronto" style of ugly.
Don't get me wrong, I'm often a bleeding heart type of person who rarely puts high brow architectural moves above the feelings of the render-plebs. But in this case, holy shit.