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I agree that this lens is VERY expensive. I was able to use a prototype at the London Olympics and it was amazing. As crazy as it might seem, I think it might be worth the money, saving me carrying around more lenses. I can see using this one lens for most of my sports shooting, regardless of how close I am to the action (unless I am in 16mm or 100mm range).

You can see my post from the Olympics at:

http://jeffcable.blogspot.com/2012/08/the-upcoming-canon-200-400mm-lens-...