The lens will be just as good on a digital as it will on your film EOS camera. The difference is the field of view crop factor. As mentioned, the factor is 1.6. It's not really a magnification, but a cropped view. The digital only sees the middle of the image that the lens sees. They do have new EF-S lenses that are made specifically for the 1.6 crop factor cameras. They are no better optically but they do let you see a wide angle.
The only other issue (that I can think of) that you may have read about it anti-reflective coating. With a digital sensor & older lenses, some light may reflect off of the sensor and then back off the rear element of the lens, causing some funny effects on the image. Newer/better lenses may have not have this problem. However, I have never heard that this has caused anyone any problems.