How about this: I don't particularly care about route choices. Transit City had good points and bad; the Ford gravybahn plan also has good points and bad, and so will whatever plan Mayor Carroll or Micallef or Thompson presents in 2014 (should Ford not be re-elected). For me the bottom line is that we just build something. There's pretty much no higher-order transit investment future generations won't thank us for, so long as they are based on proven technology.
Toronto's list of transit needs is long and only getting longer as each mayor tosses out the plans advanced by the others. What I think is really needed is a gentleman's (or gentlewoman's!) agreement that projects moving through our absurdly long pipeline of approvals, design, and of course construction won't be canceled as a result of elections. If successive mayors (and premiers) honored that, we'd have a shot at a reasonably adequate network within a couple of decades, whatever the specific routes backed by each.
Action for the sake of action is just as unwise as inaction for the sake of 'fiscal responsibility'. They can both have equally damaging effects.