It has no HD feed. Bell has enough in it's catalog to re brand it. Also it's possible they don't need to re-license it to show stuff that isn't live sports. I would love for them to turn it into ESPN Canada and show a lot of the shows that TSN could show but doesn't have time for. Stuff like E60, 30 for 30 docs when they go live in the states (as opposed to whenever TSN can fit it in), ESPN talk shows that they show in the states but not in Canada (Paul Finebaum, Mike and Mike, Get Up, etc.), MLB tonight during baseball season,even American Sports Center which has more sports that they don't show on Canadian Sports Center (more college basketball, football, baseball). This would not require a license change although it would require them to find some basic Canadian content to meet minimum requirements which they can probably fill overnight with replays of CFL games or something basic to meet requirements.
If they did this with a license change to show live sports, it could be a game changer for those of us in Canada who aren't hardcore hockey fans and would prefer more sports that they don't show. There is tons of stuff they can show. A massive amount of NCAA content from ESPN and other providers they have the rights to (baseball, women's softball, football, mens / womens basketball, lacrosse, etc.), some basketball (games that don't get a huge audience that TSN just doesn't want to air), Aussie Rules Football, XFL Football (if they get the license), arena football, international basketball (Euroleague), Little League World Series (games that don't just involve Canada), NLL Lacrosse, plus more! I'd be happy to pay for this!
This isn't unheard of as they did this in the UK with BT Sports ESPN America where it is essentially American ESPN showing all of the American Sports and sports news / talk shows that don't get enough of an audience for the core BT Sports audience but have enough of an audience that people will pay for as an extra. If the Big Ten network can survive in Canada I think this would.