Well, that was actually exactly what I did. I have both the 400D and the 40D, and my experience says that the 40D has a better autofocus than the 400D.
That's true even if you use the center point only, due to the enhanched algorithms and computing power in the 40D.
But to take any advantage of the all cross-type sensors you need to use them, of course. Following subjects with irregular motion patterns, using Servo AF, is sometimes more efficient with all focus points enabled, depending upon the background.
To take advantage of the fact that the high-precison center point is a cross-type as well, you need at least an f/2.8 lens.
To take full advantage of the fast focusing, you also need a lens with good autofocusing performance, like for example the EF 70-200 mm f/4L IS USM or the EF-S 17-55 mm f/2.8 IS USM. The latter also enables high precision autofocus, due to being f/2.8.
As an occasional sports photographer, I notice the upgrade from the 400D.