If I may tag onto this thread - as I too am looking at this lens, to fill the hole I have between the Tokina 11-16 and Canon 70-200 f4 IS with a likewise best IQ lens possible... from what I've read of all the reviews and comments on various (including this one) threads, it definitely sounds as if the 17-55 is an excellent lens [constant ap, IS, "L"-quality build, etc.), only lacking in extra reach.
HOWEVER... [durn those howevers
] there is evidence / reports of (a) dust and (b) IS failures. How severe are these, and are these issues being resolved with newer units,,, or is this a systematic "failure" of this lens, and therefore should look @ something else? BTW, would feel better if Canon's warranty was better then their pitiful 1 year coverage, when compared to Nikon's, for example.