Over the last few years, more than half the bus stops on 34 have been removed, in order to get closer to matching the Line 5 stops,. Probably it is being done gradually so commuters don't kick up a big fuss if many stops were to disappear all at once. All that is incompatible and unnecessary with a plan to have bus routes continuing to run as a local service. It would only make sense if the stops removed, were to be restored, and I'm certainly not going to hold my breath waiting for that to happen.
East of Yonge, one of the biggest draws to Eglinton is the multiple shopping malls that are collectively the Golden Mile. I know that only one building (with a No Frills) offically has that name, but informally it is used to describe the entire strip from Victoria Park to Warden, and maybe even further east. One of the biggest businesses is Walmart, which no longer has a stop. On the south side, the biggest mall is Eglinton Square, which has a stop a little distance to the east at present, but none at the centre or west end of it. The east stop has, at times, been further east on the far side of Pharmacy, which is where the Line 5 station is, and I have been expecting to see it move back there again. As for the big open shopping area with a Canadian Tire and a movie theatre at the south end, last time I looked, there were no stops really serving that place, because Line 5 does not. In all, this whole section is a really huge shopping area; all it needs is transit with bus stops positioned to service the businesses, but the TTC has been removing stops one by one over the last 5 years, all to bring it down to the spacing of Line 5 stations.
Having a supplemental Eglineton bus is a great idea, but only if it has its former stops restored. If they plan to do that in the end, why have they been taking stops away? The answer hoped for, is that they've had a recent change of mind, and weren't planning on keeping the bus, and now that they are (or might be), the next step is to restore local stops, and treat Line 5 as an express route. I can only hope that this is the plan. And yet, I'd bet it isn't.