The v2 is worth it. I'm a TV photographer and I work side-by-side with a lot of still photogs (in professional motor sports). I had (still have) the v1 and asked a lot of them after the v2 came out if it was really worth upgrading and not a single one hesitated in saying "YES!". I bought it when B&H had it for $1974 in November. I threw it on my 5DMKII and just started playing with it in the house taking pics of my GF and dogs just to test it out, wide open and low shutter speeds and I was amazed at how dead-on the focus was and how freakin' sharp the pics were. I'm talking like 2.8, 200mm, 1/15, 3200 ISO and the pics were SHARP. In fact, I liked one so much that I ran it through DxO to clean it up(it was like 3200ISO) and printed it. This lens on my 5DMKIII is a bad @$$ combo. I can't wait to try it out when my girlfriends softball season starts up and see how they really handle.