Last week, I bought the Canon 70-200 2.8 IS II / Canon 1.4 TC combo.
It is fantastic. Yes, you lose a stop but I can't fault the IQ.
Here are a few shots I have taken with the two together.
Scotty
#1 - @98mm (including 1.4 magnification) (lens set to 70mm)
#2 @280mm (lens set to 200mm)
#3 @280 (200mm)
#4 @280mm (200mm)