Wow, I lost my whole post.
Interesting how that busway then will be useless 18 hours a day Monday-Friday, and 24 hours a day on weekends based on MT's (and your) thinking.
GO 45/46/47/48 are future transitway routes and combined they already provide very frequent off-peak service. No weekend service though.
Thinking of this extremely frequent off-peak express bus service, it is hard to say 905 doesn't have any off-peak transit ridership. So many 905 corridors have 5-13 minute midday weekday bus service: Southdown/Erin Mills, Eglinton, Hurontario, Dundas, Queen, Steeles, Yonge, Simcoe, Highway 2, Highway 7, and of course Highway 403 and Highway 407... Obviously the demand is there. I think the 107 should have been a 24/7 service.
The talk about off-peak and all day express service misses one important point: transit, like all other transportation networks, should be designed around peak traffic flows, capacity-wise and cost-wise. The 110 works because it can easily bypass the rush hour gridlock using existing infrastructure. As Mr. Engineer pointed out, no fancy buses or stops or marketing needed, and 110 still has amazing ridership and MT still manages to have much better ridership than YRT overall. I don't think BRT-lite in Toronto could work as well during the peak. Can express bus in Toronto be cost-effective, reliable and fast during rush hour without any upgrade to the roads? Probably not. Certainly the 401 is out of the question.
Unless something is done to facilitate peak bus flows, the most cost effective way to improve transit is too scale back the bus service. Think of where the buses are most congested and frequent: Yonge between Finch and Steeles, and Dundas between East Mall and Kipling. Expand the subway along these corridors and take all those buses off the road, improve service for so many bus riders, and at the same time cut costs, instead of spending an excessive amount of money on fancy buses, stops and marketing that do not make the system more cost-effective or convenient.