It seems as though everyone that owns this lens has reviewed it, and I appreciate that as those reviews helped me decide on an expensive lens, so I won't go over the obvious stuff except to say that I certainly agree that it is optically excellent throughout it's zoom and aperture range-- and build quality is superb.
I agonized over whether to purchase this lens because of its size and weight and knocked off 1/2 star for those specs. In the end I bought it and am largely pleased-- very pleased actually. But if I use both lens hood and tripod collar I've had to go to a bigger bag-- the Tamrac bag I used to carry my FF Canon 6D gear in-- geez. I compared the new Oly to some of the bigger lenses I've owned in the past and it's notably smaller and lighter than the Canon 100-400 L, Olympus OM 300 f4.5, Canon 70-300 L, Tokina 100-300 f4 in OM mount, and some I've forgotten about. I'll get used to it for its virtues.
A primary buying point for me was the 40-150 f2.8s close focusing ability. At 28" it will focus to very near 1/2 life size in 35mm terms-- I tested it. I've posted a number of mushroom pics recently shot with this lens and it provides a really nice improvement in reach over my 60mm macro and is nearly as sharp, which is high praise for the zoom as my 60mm macro is one of the sharpest lenses I've ever used.
So, any sour notes? Well yeah, but they're mostly niggles that I can work around. I admire the way the lens hood was engineered, but that also makes it fairly large and heavy as lens hoods go. I'd rather have a thinner lighter reversible one. And the tripod collar could have been made smaller lighter too-- especially shorter. It's my guess that this lens is aimed primarily at sports/action shooters where lens, hood, and collar will be just fine on a mono-pod. When shooting mushrooms in the rain that long deep hood kept rain and tree drip off the lens front element. But mostly I'll probably carry it w/o hood, but leave the tripod collar on.
Bitching aside, this lens is not as big or ungainly as I had imagined-- at just over 6" and well under 2 lbs., it's pretty manageable. I started a thread about using it on a tripod but without the tripod collar and got toasted by a couple guys-- found out later that neither owned an OMD of any kind nor the 40-150 f2.8. So much for integrity. After that I looked really closely at my EM1 mount, and quite frankly I would note hesitate to use it w/o the collar-- the lens is simply not that long or heavy and the EM1 has a robust lens mount. My EM10s though are more lightly built and I don't think I'd use it sans collar w/ them.
Re tripods: My Arca-Swiss Mono-Ball is rated to support 130 lbs-- heh heh heh, and medium size Linhofs 42 lbs. I also have large tripod legs by Gitzo, Manfrotto, and Slik-- all very large and capable. But I think what I'll mainly use is a Giottos PRO lightweight head on medium legs. This is after-all for micro 4/3. No? I'll post some pics when I get to my editing computer.
Happy Shooting.
John