The field of view changes with your existing lenses. The 17-40 goes from being a wide angle zoom to an ultra wide angle zoom. The 135L becomes shorter, but in my opinion becomes an excellent portrait lens. The way you would be able to use your 50 mm would also change drastically. It would be less of a traditional portrait lens, and more of an environmental portrait lens. Provided that you frame things the same, you will get less depth of field using the 5D, because you would be closer to the subject shooting a wider field. I would do it in a heartbeat if I were in your shoes. The strong points of the 7D, 8FPS and an advanced focus system for action would be mostly lost on portraits and landscape.