I currently have both f2.8 IS and f4 IS.
The weight of the 2.8 means it is going to be sold soon.
I wanted to live with both for more than a few moments play in a shop, and have not even taked the 2.8 outside yet, but the f4 is brilliant. The 2.8 is also a large thing to poke into a face if wanting to get close in, the f4 is not so obtrusive, though for sports, this is not an issue - also, as said before, IS is not usually needed for sports, I imagine..
Sadly, i have discovered via a TP member that Kerso is selling them cheaper than he was and with the Canon cashback, I need to hold on to mine till after christamas or loose too much money - seems sort of wrong to have it sitting in its pouch !