Let's wait for 40D. It'll come next year.
But the things u need to shoot, eg. events, competition and outings can't wait.
After you see the specs of the 40D.... you 'll comment, this don't hv that don't hv....
forever complaining about features not as shoik as 1Ds 1D....mkIII
I'll tell you what 40D have:
1) DIGIC III
2) 1.3X factor size
3) Auto Sensor Cleaning
4) Anti -Dust Body
5) Built-in vertical Grip
6) Built-in image processing
7) Raw button
8) Firewire transfer
9) Live View LCD
10) 3.0" LCD
11) E-TTL III
12) Built-in Memory 4GB
13) Comes in 3 body colors, White, Silver and Black
14) Built in GPS
15) Wi-FI
16) Body-Kits to enchance the exterior
17) Silent Shutter
18) Made-in Japan
19) Accepts FD mount lenses
20) Kit Lens 18-150mm F2.0 L with DO, IS & IF
No need 1D series. They're aiming the mass market.