Mk2 - equals or beats the F4 IS in sharpness but it costs a fortune so only you can decide if the extra stop is worth the cost & weight.
Sorry but I need to disagree here, the f/4 IS is deffo not as good and the MkII f/2.8!
Most people considering the purchase of a Canon EF 70-200mm f/4.0 L IS USM Lens will also consider the Canon EF 70-200mm f/2.8 L IS II USM Lens. As mentioned before, the f/2.8 version is larger, heavier and more expensive. But, the wider aperture can be worth the downsides if you need it. Both lenses deliver similar optical performance at similar apertures.
Ive had both a 70-200 F/4 and a 70-200 2.8 MK1. And my 2.8 is definitely sharper.
The non-IS versions of both though? The F4 IS is sharper than the F4 whilst the F2.8 IS (mk1) is softer than the F2.8.
Im not made of Money.
But i do Agree, would Love It.