Guess you'll be one of those who won't like the changes to Paris' Champs-Élysées. See link.I hadn't seen that proposal before. I like the idea of traffic calming, interesting road treatment, reduction of lanes and bike lanes, etc... but I would hate to see the large median removed and University Ave to become any other street. If anything I would take away the two middle most lanes and many of the turn around points and make the median even more grandiose.
A rendering of what the Champs-Élysées could look like with added pedestrian walkways and sidewalks.
If the city will be rebuilding University Avenue, this would be a good time to construct the Ontario Line' "Osgoode" Station as well.