For the price maybe but in a different league quality-wise. The only other EF-S walkabout which stands up to the 17-55 is the 15-85 but we're talking specifically about f/2.8 lenses here
Wouldn't disagree but the 17-55 is the top end of the EF-S range and IMHO can be short on range for general walkabout purposes. Optically brilliant and the faster aperture is a big benefit. I also have the 15-85 in my kit and tend to use that more. The point about the 18-135 STM is that it offers a bit more for a lower price in range terms, is way better for ad hoc video (especially on the 80D/760D/750D). If a 17-55 is out of reach financially for now, the 18-135 can be picked up cheaply and traded/sold on when funds are available for the 17-55. Just to muddy the waters, I got to try the new EF-S 18-135 nano/USM in Ireland Las week. Was OK quick focus etc, then I looked at the files produced and was very impressed. I was using my SD Card in an 80D/18-135 'kit' - it was a really good pairing.
Essentially what will you use the 17-55 for and does it have the reach needed? As said before it's a super piece of glass but when I shoot shots of my niece in her show-jumping competitions it lacks reach and I have to crop files, there the 18-135 is more than adequate but the 17-55 wins hands down closer in and on horse portraits.
For 'Street'.... I am more than happy with the EOS M with the 22mm f/2 pancake though I have used the 17-55 on the M body as a joke. The results were superb!
At the decision point, the lens to buy is the one that does the most you will need it to. Doing coastline and cliffs in Ireland recently I came down to basically 3/4 lenses - EF-S 11-18 and 17-55 on a 750D and the EF-S 22 or 15-45 on an M or M10.
On 'grubby' light days I was very glad of the faster f/2 22mm pancake and the f/2.8 17-55.
So to reiterate - the 17-55 is a fantastic lens and if it covers the range needed and is affordable then it is as good as you can get before going full frame and L glass.
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