In its current lineup, Canon has two portrait lenses. One is f/1.8 and the other is f/1.2. The just-announced Canon EF 85mm f/1.4L IS USM is one of four lenses Canon has announced, as well as a macro-light setup.
The 85mm lens sits between its two current offerings for those who want the half-stop difference.
It uses 14 elements in 10 groups and includes a glass-molded aspherical element. The aperture is formed by nine blades, and Canon promises smooth bokeh.