I'm going through the same debate right now, and am considering one of the following:
Buying:
Sigma 50-150 mm f2.8 for 475 free shipping:
Normal-to-Telephoto Zoom 50-150mm f/2.8 EX DG HSM II Autofocus Lens f/ Pentax Digital SLR at Topchoice Digital
AND
Pentax 50mm f1.4 for about $200
OR
Sigma 70-200mm f2.8 ($700)
OR
Tamron 70-200mm f2.8 ($619)
I shoot concert photography and am usually close up in the pit, so while the 200 mm is a better range for when I am far away, I'm debating whether 70mm is too close up for being directly in the pit.
Any thoughts would be great. I was about to buy one of the 70-200mm. . but I feel like 475 free shiping is a great deal.