Canon may be ready to announce replacement to its aging EF 50mm and EF 70-300mm lens soon. The EF 50mm f/1.2L was announced in 2006 but the EF 50mm f/1.4 lens has been around for decades and this is the lens that needs an upgrade really soon.
The EF 70-300mm f/4-5.6 IS lens was introduced in 2005 and is in line to get an upgrade as well. The EF 70-300mm f/4-5.6L IS is an excellent lens released in late 2010 and is still going strong.
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