I have recently graduated from this program and sadly, things have not improved; actually, things are much worse. First of all, there are no more streams so all students are sort of going through the program without having a concrete idea what kind of degree they are getting. I was part of the last graduating class with an actual stream.
Classes are mostly useless and while teachers are usually very nice, you can see that they are struggling to make the program seem valuable. Unless you have a defined idea of the kind of job you want to do after graduating or have some experience under your belt, this program is not really for you. The practicum is still optional and the coordinator is still useless to you. Assignments are usually very easy and will teach you next to nothing. Most classes consist of you sitting and reading through 100+ power point slides.
The new MISt program, while accredited, now focuses on new technology and seemed to have completely cut all the librarianship and archival studies courses from the curriculum. The good teachers are the lecturers who you will meet one semesters and who you will never meet again because they get sacked. Most full time professors have no actual work experience in the field and only do research and therefore, cannot help you understand the current job market.
Good luck if you are still considering going into this program, you will need it. I would recommend finding another master's program which will give you more bang for your buck.