Digital correction is a deal breaker, and why I have kept away from the VCM lenses except to solve specific problems (the 35 VCM was a bit of a mistake, though, and I have no 20 or 24mm f/1.4 options that are accurate). The 28-70 f/2 already requires some correction, but I usually turn it off and can get away with it for events etc to get better low light performance. Sony can seemingly match or even exceed the geometric performance of the existing 28-70 f/2L.
If I' at ISO 12800 on a Canon mirrorless body and process with lightroom, LR doesn't have the accurate lens profiles to correct, nor the sensor profile to manage the noise properly, and boosting by any amount in the corners becomes VERY noisy -and on top of that, you get stretching of noise artifacts, leading to banding - best case, or further enhancement of noise. If you shoot during the day at ISO 100, I'd have very little - if any - concerns, as there should still be plenty of adjustment latitude in terms of vignetting, but the distortion profile needs to be accurate.
I own both the Sony 35 GM and Canon 35 VCM lenses; the Sony bests Canon's 35 VCM for geometry.
I really hope Canon don't compromise on optical design just to get a lighter lens. I'd prefer a lighter 28-70 without IS vs an optically poorer 24-70 f/2 with IS. Sony have proven you can do the former, so either Canon are unable to innovate and get on top of Sony again, or they have lost touch with their target market). If they get the geometry right, I'll be getting on the waiting list the day the announcement is out.
My other gripe with the current Canon 28-70 f/2L? The front element has a very soft coating on it. There are numerous posts on forums from people who cleaned their lens and accidentally scraped entire sections of coating off. It was an AU$1200+ repair when I had mine done, and I expect it to be more costly now and has been the only lens that's done this out of probably 30+ L series lenses I have owned. Serviceability matters in professional situations.