Here's how I look at it. The 100-500mm + 1.4TC will run you $3400 before taxes and you're stuck at 300-500mm with the converter on. It's worth every penny with the IQ but it's sure as heck clunky on a hike. But if I'm out on a day hike with a 24-105mm or 14-35mm on the front shooting landscapes and see a critter I want to shoot the 800mm weighs about the same as a bottle of water in my backpack and will keep me from regretting not taking 2 cameras. As for focus points, I'm thinking it's closer to 40% than 25% and you can always use single shot to focus and recompose, so it's not a big deal for me. I'm with Snappy on the JJC hood, even if I find Canon's stance on not including one ridiculous, and the only reason I would ever put it on a tripod would be to set it up on a constant target and trigger it. For what I paid for it it's a great lens to use in a pinch.
Or in my next career as a private investigator.