[EDIT: Apparently it was available as a bundle at one point.]
[EDIT: Apparently it was available as a bundle at one point.]
IMO it's just the opposite. It's L-quality glass, and the IS makes it a decent performer for low-light and video as well. With the exception of pixel peeping, I'd feel far more limited with a single fast prime in most situations.
And e.g. if i were to switch to full-frame, I don't need the extra length of the 24-105 and would go for a sharper off-brand 24-70 2.8 (although there is a new revision of the 24-105 around the corner), since I'd want to cover longer ranges with additional lenses anyways. But that option wasn't available when the Mk3 came out, and I totally get why people choose the 24-105.
It is also definitely not an f/2.8 lens like all the other top lenses associated with this camera. I too have found it puzzling just like the parent did.
IS lenses are generally considered better for all-around photography, particularly for subjects which do not move like landscapes. Faster lenses give you more ability to stop the action of a moving subject and a shallower depth of field (given equivalent focal length).
The 24-105L is probably the most solid general-purpose lens for a full-frame in Canon's lineup, it's silly to disregard it just because they offer a bundle with full-frame bodies.
My main gripe with the 24-105L vs. the 24-70L (i.e. the lens that came second in that chart) is not just speed in itself, but the fact that the former has a zoom extension of more than 4X (my previous comment should have been more exhaustive).
As an old-style guy, I usually am uneasy with zoom ratios over 3X because I believe they are detrimental to quality. So when I have to trade between zoom extension vs. something else, I often go for the latter. The MTF charts for the 24-105 f/4 L [1] and the 24-70 f/2.8 L II [2] seem to confirm my gut feeling...
[1] https://www.usa.canon.com/internet/portal/us/home/products/d... (click on "Read more..." to see the MTF graph)
[2] https://www.usa.canon.com/internet/portal/us/home/products/d... (click on "Read more..." to see the MTF graph)