Wouldn't it? If you assume that 100% of the cars at peak on the 401 switch to the Sheppard LRT, and that there is 1 driver per car (the failures in these assumptions may cancel each other out a bit), and that the capacity of an expressway lane is about 2,000 cars per hour, and that there are 7 lanes, and that the 401 is at capacity, you'd add 14,000 riders per hour at peak. Add to 3,100 riders forecast on the Sheppard LRT at the peak point (according to Metrolinx), and your at about 17,000 riders an hour. Certainly just beyond upper edge of LRT.