As of now, only 22 miles of SH-130 are currently being widened to 6 lanes - between SH-45 North and SH-71.
Out of the entire corridor though, that is indeed the busiest stretch, with AADT on the mainline varying between 40,000 - 45,000.
The remainder of the corridor is below 30,000 AADT, with the exception of the 5 mile stretch between US-79 and SH-45 North which has between 35,000 - 40,000 AADT on the mainline.
In the near future (5-10 years), I could see at least that 5 mile segment expanded to 6 lanes, along with an additional 22 miles (I-35 to US-79 and SH-71 to US-181) being studied for expansion as traffic counts increase.
The segment south of the US-181 / SH-45 South / SH-130 junction has 5,000 - 15,000 AADT, and I don't forsee an expansion being warranted there anytime soon.
I-10 between I-410 and SH-130 at Seguin warrants expansion to 6 lanes, carrying 50,000+ AADT, along with I-410 between I-35 South and I-10 East which carries 40,000 - 60,000 AADT.
If SH-130 was to be untolled, completing the remaining 27 miles on the northern half from SH-45 South northwards to 6 lanes would definitely be warranted, along with widening I-10 between SH-130 and I-410, and I-410 between I-35 South and I-10 East to 6 lanes. The 40 mile southern segment of the toll road has plenty room for growth and would likely only top out at 20,000 - 35,000 AADT if the tolls were eliminated. The segment currently carrying around 45,000 AADT today would likely top out at 75,000 - 80,000 AADT, though if local traffic increases with increased growth, could be higher, and -might- warrant 8 lanes at some point.
I think a long term goal of expanding the entire northern segment, I-10, and I-410 to 6 lanes, and buying out the tolls would definitely help relieve the I-35 corridor.