A replacement to the venerable Canon EF 50mm f/1.4 lens may be on its way. The upgrade is way overdue and this lens is one of Canon's best value. Its cost is a fraction of the EF 50mm f/1.2L lens and yet the performance is very close. The rumor is there is also a Canon EF 24-70mm f/4L IS lens waiting to be announced.
I am heading home from my Polar Bear Safari. Had a great time and the Canon EOS-1D X camera performed flawlessly in the severe cold and wind. Will write another review on the camera upon my return.