I think it would be really good if SFM is rebranded as RED FM. But what needs to be seen is whether SFM manages to 'Bajao' and connect with the listeners like RED FM. Some of the shows on SFM are really boring. On the other hand, RED FM has some great RJs, great songs, great programming and to top it all, great presentation and self-promotion.
Another advantage would be that listeners would be able to catch all updates/action happening in the shows for which RED FM is the radio partner.
I would be looking forward to listening to RED FM Pune. And am really glad that SFM Pune is the first one to be renamed. Lets hope that the result is worth the wait.
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