I believe the 24-70 f2.8 II would be an outstanding lens, IS or no IS. If you look at the trend of L lenses that Canon have been delivering lately, I can almost smell a performance close to the 70-200 II. What hurts me is the price, i think it should be competing with the Nikon version which happens to be about $1700.

Well maybe the street price will settle down to 1700 or less after the initial excitement. I am however looking forward to the reviews, if the price falls like i hope, I will be replaceing my Mark I.