Listened to Indie88 on a recent trip to Western New York. The signal was spotty at best, actually similar to CFNY's pre-CN Tower signal in WNY (but unlike those days, streaming via the web is an option...though it's not the same, somehow). Sadly being at 88.1 also puts it at the mercy of interference from in-car FM transmitters.
Some interesting (and welcome) music choices going on (wasn't expecting Johnny Cash's "The Man In Black"). Lots of Can-con, of course. A few classics scattered about (Bowie, R.E.M, Ramones) but the focus seems to be new and emerging artists, as advertised.
Speaking of ads, currently the commercial breaks are quite short, with Bay-Bloor Radio being a frequent advertiser.