That's thousand dollars question

How good of IQ from 7D2 sensor you will believe? As good as Nikon D7100/D5300 (even on a slightly smaller sensor) or much better that I seriously doubt? Your 1D4 is still much better than any APS-C bodies today including D7100/D5300 if just judging pure IQ when you're able to use a little longer lens. Personally I still believe APS-H (1.3x crop) is the best balance of IQ and reach and its IQ is much closer to FF under ISO 6400 than from APS-C. It will be a dream machine if Canon put an updated APS-H sensor in 7D2

I virtually don't have any EF-S lenses (except Sigma 17-50/2.8 OS) so APS-H is a non-issue to me.
I believe Canon could give the 7D2 10-12fps and pro AF and keep it at the $1999 level, as a sibling to the 6D, but if it goes to APS-H it would surely have to sell for more because 1, the sensor is bigger and therefore more expensive to make, and 2, it would be the only camera to use the sensor, further driving up the cost.
Such a move would also sever the upgrade path for owners of the higher end EF-S lenses. It would be as expensive to upgrade from a Rebel or XXD to an APS-H 7D2 as it would be to move to full frame. While APS-H gives a modest reach boost, it doesn't really make sense for a general purpose camera - the 24-70 and 24-105 wouldn't be wide enough and the 17-55 can't be used. The 17-40 and 16-35 would no longer be ultra wide, and the 10-22 can't be used.
It's natural to daydream about it, but I just don't see it happening.