Most wildlife photographers lean towards the 500/4 over the 400/2.8. I've never used the 400, but I've heard that it is not as hand-holdable as the 500 (although, with the series II lenses, I don't know if that is still true). I bought the 500, but I don't do motorsports and have no experience with them. I would think a combination of the 70-200/2.8 with 2x and the 500 would cover most bases. Another strong contender might be the Sigma 120-300/2.8 with 2X. This was just re-worked and looks like a very nice piece of glass.

