That's true about the IS -- but it's getting better all the time. From Bryan Carnathan's site:
"Sharing the honors with its sibling 24mm f/2.8 IS Lens, the Canon EF 28mm f/2.8 IS USM Lens is the first Canon prime lens wider than 100mm to have image stabilization. The combination of an f/2.8 aperture, 28mm focal length and 4-stop IS makes the 28 IS, at review time, arguably the second most low-light-handholdable full frame format Canon lens available (just behind the 24 f/2.8 IS). And perhaps the second most handholdable Canon lens available.
Lenses being introduced with image stabilization far outnumber those coming without it. Image stabilization has matured nicely since it was first introduced, and the IS system in the 28 f/2.8 IS is example of this maturity.
The IS sound from this lens is barely audible. I have to put my ear to the lens to hear the light IS shhhhhhh that is mixed with light clicks when the lens is moved. The viewfinder shows no evidence of image stabilization going into effect (jumping/shaking/etc.) - aside from the stabilized view in the viewfinder.
With good technique and a stable, standing shooting position, I am getting a very good percentage of sharp shots at 1/5 - 1/4 second. Beyond 1/4 sec, the keeper rate drops off gradually with sharp images still obtainable at close to 1 sec exposures. The IS assistance I experience is about 3 stops."
Okay -- three stops in this case. But this conversation will become 4, 5, and 6 stop IS much faster than Canon can develop, say, F/1.0 lenses. IS will become a bigger and bigger part of the low light conversation, along with the body's ability to process higher and higher ISO.