Where's the competition for the 24-105?

[LetTheRightLensIn]

Theres no announcement for an update and even if there was an announcement it would still take over 1 year for the newer version to be released. So nothing to worry. Lenses dont lose their value fast anyway. Some never

The 24-105 lost its value fast though recently. It went from $850-1300 to $500-700 pretty quickly a while back. Of course that was a long time from introduction.

That said, I think it has had it's big price drop at this point and it probably doesn't have much room to go below the $500 kit add on, $650 split kit new pricing it is at now.

And the Canon replacement for it is already out, the 24-70 f/4 IS.

You can get the much better 24-70 f/4 IS for the old 24-105 price now and the Tamron for the very high side of the old price of the 24-105 if you want better performance (24-105 was always among the least impressive of the L class lenses optically, although very convenient with wide range, fast AF and IS, but optically it was fairly weak on FF especially at the ends) or the 24-70 II for well more than the 24-105 ever cost even at intro.

 

[LetTheRightLensIn]

While on the subject: the 24-70 f/4 doesn't make any sense to me whatsoever to me. I simply don't get it.

Why not? It's no more costly than the 24-105 used to be a little while back. It has much improved optical quality. Improved IS. It's smaller and lighter.