Because man proposes and god disposes, many things in the recent past did not go the way I planned. So ended up buying this:

EF 70-200mm f/4L

Now I have three lenses and no camera body

Update: I purchased a new 350D for the same price as I sold my earlier one, on 24th October. I got it with 2 years warranty. Somehow, the 400D just didn’t seem exciting in spite of my initial euphoria. Hopefully Canon will give us a decent DSLR with a pentaprism view finder and better ergonimics (like the D80) in future. That would be a worthy upgrade, not the 400D!