Yes, tension can still be adjusted, meaning the zoom can be locked at any focal length. I've seen an image of the lens extended, looks just like the 70-300L, there's no where to grab to push-pull except the lens hood. Another clue is the ribbing on the rubber rings – note how on the original the push-pull ring has 'transverse' ribbing for grip friction along the lens axis, the direction of the push-pull. The images of the new lens show all the ribbing oriented to provide grip friction during rotation of the ring.