A friend of mine just posted his review of this lens. He is at the olympics and was able to shoot with it for a while. Sounds great. MSRP is $2499 so I assume street prices will be around $2000. I am guessing I will be selling my gen 1 of this lens very soon. Ronald R. Martinsen's Photography Blog: First Look: Canon 70-200mm f/2.8L IS USM II – Perhaps Canon’s greatest lens!