It's a shame everything is being pared back - MML and E/W.
Otherwise an E/W service could help augment local service (e.g. between Bedford, Wellingborough, Kettering, Corby or Market Harborough) - and then the London stopping pattern could be more varied than just stoppers to Corby. Maybe a E/W to Corby would allow another London service to Leicester and beyond - and again, shake up the stopping patterns. Or enable a Manchester service, which I think would be hugely useful for many station pairs along the route... possibly even without London-Manc traffic, but could be useful during HS2 works also.
Oakham/Melton looks good on the map - and I see the 'rounder' as being potentially useful. But it'd never justify wires and that section will be electric shortly - so it's moot.