Eleven years is a long time in camera technology, so prosumer sports and wildlife photographers who shoot Canon should rejoice that the company's affordable 70-300mm f4.5-5.6 telephoto zoom has gotten an updated replacement.
The upgraded version, the EF 70-300mm f4.5-5.6 IS II USM, has the new Nano USM motor that debuted in the recent EF-S 18-135mm f3.5-5.6 IS USM for quiet operation while shooting video; it can also focus closer, down to 3.9 feet/1.2m from 4.9 ft/1.5m. Canon additionally gave it an information LCD on the top of the lens which will display focal length, distance and how much shake it's sensing. It does not support the power zoom adapter like the 18-135mm lens.
Canon plans to ship the lens in November 2016 for $550 (directly converted, about £415, AU$735).