I went through the same dilemma the other week...IS or 2.8...IS or 2.8...
I went with the 2.8, reason being is yes IS allows for slower shutter speeds and still get a steady shot...if the subject isnt moving. Since most of what i shoot moves, id rather have the extra stop than IS.
bohdank- If you were using the f/4IS your shutter speed would be so low that you would get motion blur...i dont know about you, but id rather have one SLIGHTLY out of focus face, than a shot that is completely unusable due to motion blur