According to the latest from the rumor mill, Canon could be planning to announce a new 800mm F/5.6L IS II towards the end of the summer or early fall. The whispers indicate that the current 800 F/5.6 is no longer in production, though that has not been officially confirmed with an announcement from Canon.

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This new 800mm F/5.6L IS II would no doubt be moved to the new lightweight materials found in the latest round of the other telephoto prime lenses (400mm, 500mm, 600mm, etc). In addition, the optics would be getting touched up, AF improved, as well as the IS updated to the latest tech.

According to the rumor mill, if this lens does in fact get announced in the late summer or early fall, then you can likely expect it to be out sometime before Photokina in September. My guess is that for many of you, this is just a pipe dream lens, considering the current version sells for about $14,000. You can almost be assured that the new one will likely be even more expensive if Canon sticks to what it has been doing lately.

What are your thoughts on this? Do we need more $10,000+ lenses on the market or should camera makers be focused on making lenses that consumers and hobbyists can actually afford? Leave a comment below to join the discussion.

[via Canon Rumors]