Hi Guys:
Thanks for sharing your thoughts. It’s much appreciated. It’s interesting to see things form a different perspective. I feel I live on a different planet when I hear some of the suggestions, I mean that in a good way.

Let me explain:
• I have not been too worried about quality even with the 350d (even though I will be soon in the future) , I can see how full frame bodies consistently produce cleaner output (of course the lens is a factor as you guys say) so while eventually when I learn enough about the basics, I would then want to invest in good glass. For now I feel I am more proficient (and comfortable) in digital processing. I thrive on the “artistic†aspects of HDR (please don’t hate me for it), but am now getting to a stage where I want some quality yes, but my first impediment is workflow/ efficiency of shooting in the limited time I have.
• I am a family man, have lots of kids and the family comes with me when we go hiking (primarily where and when I can take these nature shots). Often I find myself staying back and not keeping up with the family because I simply do not have the time to manually expose 100’s of shots. I want to fix this.
• I do use a tripod, and since I am new to photography, I experiment a lot, i.e. take 400-900 shots in a 4-5 hour hike (most of them 7 AEB shots 7 jpegs and 7 raws so each shot for me is 14 files): I first try and HDR merge the jpegs since they are much faster to process and only reserve RAW processing for the one’s I like from the jpegs. Hence if I can get better jpegs, I can get a better idea of if a shot is worth it or not. The 1dmk.ii is fine for it’s AEB abilities but does not render jpegs well at all. Since both the 350d and 1dmk.ii are form 2004, they are beginning to show their age (jpeg conversion) when I compare them to entry level offerings like the T1i. This is one reason why I would like to get a new body.. That’s where my priority is currently (workflow induced perhaps).
• While it does seem like I am asking for 1d level performance at a prosumer price, I do not feel I am asking that much since as I said, I’d be happy with a T2i as long as it could do 7AEB, I could even live with the 3.7fps, if it did 7AEB… and from what I have read, 7AEB is not a very expensive solution to implement, some guys say it’s merely a few lines of code in the firmware… so why does Canon make me pay 400% more for a Camera for few lines of code (I guess because they can).
• This is where I was thinking of trying out the free magic Lantern firmware that has 5,7,9 AEB’s added to any canon camera… however I am still not comfortable hacking into my Camera hence have not tried it… But really Hope canon would add this feature.
• Based on neuroanatomist’s suggestion, I think I can wait till Aug 24th for a new version of the D700 with 9AEB and full frame sensor or the D700 itself. And thank you for all the helpful information as well.
• Posthumous, those picture are gorgeous by the way, Kudos!
Everyone else, thank you for your suggestions… I was just hoping that Canon is listening and adds more AEB options in it’s mainstream SLR’s.