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I recently bought and then returned an f1.8 and purchased the 1.4 instead. I'd really like the 1.2 but there is insufficient budget available at this time
I've owned the 1.8 before (used with a 1Ds2) so expected it all to be fine with the 5D2. However, I found the 1.8 to be extremely soft on the 5D2 (both video and 21MP photos), even when manually focused (i.e. without the need for micro AF adjustment). I also noticed substantial barrel distortion that I have not seen on previous cameras, or copies of this lens.
This may be different with your copy of the lens ....
The f1.4 is good, but still not the buttery smooth focus ring I am used to on L glass such as the 24/1.4. In terms of OOF and shallow DOF it's hard to complain for the price. Even the 1.4 benefits from being stopped down to f2 though when it comes to sharpness.