Seemed to me there were slightly fewer along Yonge - although keep in mind that it was still impossible to get a front-row view of the parade unless you were there hours early. Even half our usual turnout is far bigger than most Pride celebrations elsewhere.
The parade is what you make it. I hear the same complaints about the parade every year: too commerical, losing its appeal, needs something to spice it up, etc. But if it means something to you - celebrating being out, appreciating tolerance, showing support for those who come out to support you, enjoying being a part of the majority for a weekend - then there's something in it for you. I was there with some Pride virgins, and we had a great time.