Canon EF-S 18~200mm f/3.5~5.6 IS Standard Zoom Lens: An ideal lens for everyday use, this versatile lens can capture a gorgeous sunset to a spectacular fireworks show. This zoom lens suppresses chromatic aberrations while retaining true colors. And with the image stabilization to help reduce motion blur, you get extremely sharp pictures.
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This lens replaces the 18-55mm IS lens I have on my Rebel XSi, I have been waiting for this lens for quite a long time, carrying 2 lens and change them just too much hassle for me. Besides the 11x zoom, I also like its 2 UD Glass usually found in Canon's "L" lens. I would not mind to pay extra $200 if Canon would add USM and dust and moisture resistant to this lens to make it near "L" lens level. Finally the lens hood is expensive if you can find it at all.