The rumor mill is confident that we will indeed see the Canon EF 70-200mm f/4L IS II USM lens very soon.
The telephoto zoom lens previously rumored to be announced in April instead of September. Apparently there may be some delay.
Canon EF 70-200mm f/4L IS II USM Lens Coming Very Soon
The current-generation Canon EF 70-200mm f/4L USM lens has been available since 1999, while another IS version is also available. This version is available at Amazon for $629. Moreover, Canon is also selling an EF 70-200mm f/4L IS USM optic. This version sports image stabilization technology, therefore it costs a lot more, as its price stands at $1,149.
Read more Canon Rumors.
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