Yet another option that I have been flogging a lot lately, but unlike a dead horse it's great to use and the results are pretty to look at (maybe that wasn't the most stylish soft sell opening): $3199 USD Sigma 120-300mm OS + $500-ish Canon EF Extender 2X III (or the 1.4X III).
A bit more expensive than the 70-200mm II + TC combination, but you get that extra 100mm at the end which the 70-200mm will never match up with (the MTF chart shows the 120-300 is actually optimized for the 300mm end, which is great - it's actually sharper there). Seems plenty sharp to me with great rendering of fur and hairs through the frame on APS-C (though Photozone rated it rather poorly optically apparently based solely on their slightly lower measurements at frame edges on full-frame - not their smartest review actually).
Only concerns: Close focus distance of the bare lens is 1.5m for 120mm setting, and 2.5m for the 300mm; autofocus is slower with the Extender 2X III (intentionally) but potentially still very accurate, yet cheaper AF systems (T1i anyway) will struggle with that combination, and metering isn't always reliable either (though it usually gets close enough). With the 2X extender I have gotten lots of closeups, though these are a bit tougher to do than scenes at normal ranges. Also, it's not a light lens, but I handhold it for half-hour to hour periods all the time. The front element doesn't seem to have any of that fancy Canon coating to keep smudges off (though I've gotten nothing on it so far).
Of course, with the 2X teleconverter it is a 240-600mm f/5.6 lens. The wider portion of that range almost makes you wish it was a variable zoom, but this is more or less in line with the upcoming 200-400mm f/4 Extender 1.4X, except with the whole range available right away. If you just want the 240-400mm range, it will of course be available at f/4, same as the Canon lens. The integrated TC of the Canon lens will be a great boost but I am happier for the extra stop on this lens, and otherwise it probably will be too similar to warrant my worrying about it.
Can be rented online if you're on the fence.