New camera body or new lens?

Started Oct 13, 2011 | Discussions thread
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New camera body or new lens?
Oct 13, 2011

I currently have the following photography equipment:
Canon 500d (t1i)
Canon 50 mm-f. 1.8 fixed
Canon 18-55 mm (stock lens)
Canon 70-300 mm 4-5.6 (is usm)
Canon speedlight 430ex II

I am having a terrible time deciding between a canon 7d body, or a canon lens of some type. I have around $1500 to spend, so please if you can give me your opinion and if you choose the lens, please put the model of lens you think I should get!(remember that it does not have to be canon branded)

 mattbishphotography's gear list:mattbishphotography's gear list
Canon EOS 500D Canon EOS 7D Canon EF 50mm f/1.8 II Canon EF 400mm f/4.0 DO IS USM Canon EF 24-70mm f/2.8L USM +5 more
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