Up until this point, whenever somebody asked for a lens suggestion, the general consensus had been that if you’re serious about photography, sooner or later you’ll end up moving to a full frame camera. So might as well consider that and invest “wisely” into lenses that can support that idea. Lenses like the 17-55 f/2.8 IS, for example, have been overlooked by many exactly for the above mentioned reason.
Also, if you ask what the reason would be to move from a crop camera to full frame, answers most often will mention better ISO performance, better DR, better DOF control. And for some HD video may be important, an improved/more accurate AF system, maybe better viewfinder …
The 7D came out – not only it shows a strong commitment from CANON to the EF-S line – but at this point, with all the specs on paper and initial tests some have done, it shows that it is almost a match to the fairly new 5DII on important things like ISO performance. This comes with $1000 smaller price tag. Not to mention the other set of improvements, which all are very impressive, and a lot of them don’t even exist on the fairly new 5D II. I see something I never thought I would, and that is people selling their new 5DIIs or committing to purchasing the 7D with the money they had saved for the 5D. And this is crop vs. full frame.
Needless to say, I feel great about investing almost exclusively into EF-S lenses because the performance of the newer crop bodies was comparable and almost on par with its full frame competitor. Now it is EVEN closer. And of course and again, there are features, like the new AF system, that don’t even exist on the new 5D II. Which brings me back to my original point and that is that the common argument that investing a lot of money into EF-S lenses is unwise. Well, at this point, it seems to me it is plenty wise. I for example certainly am glad that I went against the grain on this.
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Whenever someone suggests avoiding EF-S lenses on POTN, the consensus is generally that it's not a good idea (buy what you need 
