Do it.
As for IS in the 17-55, I think your going to have more an issue of subject movement than hand movement with that lens. Save the money for the IS on your long glass. I can see having IS for a 70-200 in low light. Hell, I don't have problems with my non IS 70-200L f2.8. I've just been learning how to work with what I got. If light is an issue, I bump up the ISO. Noise can be damned, great software to fix that in post. I'm getting incredible shots, hand held, in low light venues, with this lens.
why though go with the 17-55? I would think the 24-70L f2.8 would be more useful as a walking around lens for concert photog. Still fairly wide but gives more room. And why the fixed 50? I ended up selling mine because I never use it. Great lens but I found my f2.8 zoom lenses to be fast enough in low light. I have always wanted to try the 50f1.4 though. I hear it is a killer!
My list, of which I'm almost there would include:
Canon:
10-22
24-70L f2.8
70-200L f2.8
24-105 f4 IS - This as the main walking around lens. A great overall lens for non concert photog.
Of course, I'm more amateur than pro as I've just recently getting into the profit side of this hobby. I also appreciate the lens experience/advice you have shared through pm's.
looking forward to playing with a 40d. Been thinking of the 5d, which I may still do at some point, but might stay with the 1.6x crop sensors. Saves me from having to go really long on glass. Those lenses are ultra pricey
Think I'm just going to trade in my d20 (only 4600 actuations if anyone is interested
) and go for a d30 body at some point. Then another 6months or so and get the d40.