The weight comparision appears to be to the mark 1 version of the 500mm f/4: "Size and weight will be similar to the EF 500mm f/4L IS USM" this lens is about 3.9kg which is probably a realistic target weight for a 200-500mm f/4 with built-in 1.4x extender and as the centre of gravity will be a lot closer to the mount end it would be fairly okay for handholding and would be a popular choice for birders like me but of course will be very expensive.A 200-500/4 with built-in 1.4x would be a nice upgrade to the EF 200-400/4 + 1.4x. I'm not sure I believe that such a lens would be the size/weight of the EF 500/4 II. The RF 100-300/2.8 is 7.5 cm / 3" longer and 240 g / 0.5 lb heavier than the EF 300/2.8 II, so I really don't see how they could make a 200-500/4 with a built-in TC and end up at the same size as the EF 500/4 II.
Personally, I will stick with the 600/4 over the 500/4 (practically for my typical use, it's really 840/5.6 vs. 700/5.6), though if the R1 comes in with a pixel density high enough to obviate the extra 140mm (which is reasonably likely), I may consider swapping my 600/4 II for this rumored lens if it becomes a product).
Rather confusing to compare it with a lens that came out back in 1999 though
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