1. 6.5 frames per second shooting
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I don't think you need this for events.
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2. 3" LCD
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Nice, but 2.5" is plenty, I think.
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3. 10 megapixels
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IF they can do it without making the high-ISO noise worse otherwise
leave the megapixels as they were.
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4. improved auto focus
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That's a good one.
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5. auto ISO (not sure on the details of operation here)
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I'd really like to have this - I think Nikon has this in many of
their cams but not sure about Olympus.
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6. interchangeable screens
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This is alright but would be better with an even bigger finder.
Unfortunately, the optional screen won't offer what would REALLY be
of benefit: A split-screen + microprism ring encircling the
split screen.
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7. dust shaker
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I hear the dust shaker on the XTi is ineffective so if the
40D's is the same ...
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8. Live View on LCD (but no auto focus with Live View)
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Not something I would use.