This is true.
Years of bad planning, underfunding and lacking a vision for transit just leaves me embarassed of the transit system that we call the TTC.
It's all too evident from reading about other transit systems elsewhere and hearing from friends and co-workers about visiting other cities and experiencing their systems that ours is laughable in comparison.
I don't see this being reversed in my lifetime. Indeed, I expect it will take decades to get our system up to spec and give the future rider a good system of getting around the city that doesn't take hours as is the case right now.
I love Toronto but this is one area we just plain suck when compared against cities.