It does but the Birmingham to Lincoln service really ought to be re-introduced as it used to run under Central Trains, I don't see the point of Liverpool to Leicester myself especially as Crewe is rather busy these days.
So the reason it should be re-introduced is because it used to be a service?
I doubt there will be room at junctions considering TfWM are looking at how a Leicester to Coventry service could work. South Wigston to Nuneaton = plenty of space. South Wigston to Leicester = not so much space without major work of a flyunder (which admittedly has been mooted).
Perhaps giving people of Leicester and Derby a link to Liverpool and Manchester without having to change at Sheffield is the aim?
If TfWM did get the local Birmingham to Leicester route, I wonder whether Cross Country would stop additional trains at the local stations on that line? They've had 100% revenue since taking it on, which would drop to 50% for some stations, 0% for others.
Although I also wonder how it would work with train staff as I believe there is a mixed pattern with the Stansted services, which obviously couldn't continue.