If there's no timeline and funding attached to the project, it's just cute lines on a map as far as i'm concerned.
Let's not forget, the city played the same game with the Eglinton West LRT extension before the province took that project back into their hands. There was no progress being made, and the city was watering down the project at every turn as the "studies" went on.
Also let's not forget, the city sometimes likes to re-open design work and play games (ie: Bay Street tunnel) even after they have completed initial very preliminary design work.