Well I learned a few things today while testing this lens:
1. testing and comparing lenses apples-to-apples is not all that easy
2. 'real wold' tests are even harder. Making comparisons means getting the focus point exactly the same with both lenses and even then they have slightly different characteristics.
3. I struggle more with DOF issues in real shooting than sharpness. Thus stopping down the 17-40 to f11-16 produces OK results. This shouldn't really be a surprise since I've been making nice prints from that lens.
Anyway my general conclusions at 17mm
1. The 16-35 is as sharp as the 17-40 in the center and better in the corners at all apertures, even f16.
2. The 16-35 has much less CA (maybe 1/4) than the 17-40
3. It doesn't appear to have any 'strange' field curvature or other optical properties - I need to test this more though and will this weekend.
4. It seems warmer than the 17-40. It could be the light, or something else I was doing, but it did seem consistent. I've never noticed color differences between lenses before, but unless I was messing up, it seems like a significant difference.
So I don't want to load up my images to Flickr since I put my decent shots on there, so here are some samples + crops at f8 and f11 (where I think most people are still going to use this lens) compared to the 17-40.
First the full shot:

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