Is the Canon EF 70-200mm f/4L IS USM Lens sharp? This page visually answers that question. Shown above are 100% crops from a lab-captured 400mm f/8.0 test image. Observe the contrast and resolution of these results.
Is the Canon EF 70-200mm f/4L IS USM Lens set to 400mm f/8.0 sharper than the Canon EF 70-200mm f/4L USM Lens set to 100mm f/11.0? The image quality comparison above also answers that question. Switch between the results to see the sharpness differences between these lenses.