The Canon EF 24-70mm f2.8 IS USM is a smaller, lighter, lower cost alternative to the 24-70/2.8L II USM with the added benefit of image stabilization. Canon have a number of f4L lens alternatives to their faster f2.8L lenses, including the 17-40/4L and the 70-200/4L models. The EF 24-70/4L IS USM is the latest addition to this f4 lineup.
In the Canon EF 70-200mm f/4L IS II vs. 70-200mm f/2.8L IS III USM Lens specifications comparison, we find the f/4L IS II with a shorter minimum focus distance (39.37 vs. 47.24" / 1000mm vs. 1200mm) for a higher maximum magnification (0.27x vs. 0.21x). The f/4L IS II has a higher-rated image stabilization system (5 stops vs. 3.5) and it also
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canon ef 24 70mm f 4l is usm vs 24 105 ii