I run the 50 f1.4 indoors all the time. It's one of my favourite lenses. It's a great lens for capturing live music events but as previously mentioned you may find it a little long in your room. I get a bit less crop due to the larger sensor on my 1d too which helps.
f1.4 rocks... but you have to be careful with it, it's easy to overdo the shallow DOF.


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