
I dont understand why the 1.4x has to be build in... The quality of the third mark 1.4 should be at least acceptable. This is like forcing people to buy an extender they cant use with another lens. And due to this, the lens must be enormous. So you're hauling around an extender even if you're not using it.
I cant think of any advatages of this. Other than sheer moneymaking on canons side.
It probably uses the same or similar optics to the Mk III teleconverter (which I would guess could also be used with this lens, at least on a 1-series, in effect "stacking" two 1.4X telecons for nearly 800 mm at f/8).
Personally, and this is just me, I would find the built in 1.4X VERY useful. This should be a great walkabout birding/nature lens. Yes, for long sessions, you'd want to carry a tripod as well but I think that one could hike this lens into the woods and use it for nature-type shots with the flexibility of a zoom.