If u foresee using a 1.6x DSLR for some time get the 17-55mm IS one. The 24-70 is not here nor there for such bodies.
But comparing the 24-70mm on a FF DSLR and the 17-55 IS on a 1.6x one, I'd still put my buck on the IS version. It's cheaper, comes with IS and less bulkier, lighter! Same aperture as the L also. What more can u ask?
With digital photography, I find L or no L makes little diff to the pic quality. U have photoshop also remember? On screen, u can't tell the diff without heavy cropping... Even compact digicams are improving so much lately. And unless perhaps u print beyond A3, it's also difficult to tell which is which. I feel digital prints is not there yet to magnify the strengths of lenses.
And for pete's sake, whoever views their images cropped to 100%?!! Neither do u take pics of lines per mm charts on normal days so throw out the MTF graphs please! Good to know but useless to base upon them to decide whether to buy a certain lens or not.
Today's Canon lenses kiss a** type man. So far EF-S lenses have been performing well in terms of image quality. It's fast and quiet enuff too.
The only thing L lenses are shiok for compared to other lenses is the solid built quality. That's for sure.