Yes, it should work. I can't directly say about the IS lens, but I know that the kit lens is not known for it's stellar image quality. The IS may use the same optics in a better frame (plus the IS). You'd probably be better off getting a better lens, maybe an L lens $$ (something fast/ low f value).
You may find some good info here, I think the newest reviews are about a year old.
http://www.bobatkins.com/photography/reviews/
This is the PelicanParts of Canon photography/gear. They have a lens only section.
http://photography-on-the.net/forum/
__________________
Steve
'08 Boxster RS60 Spyder #0099/1960
- never named a car before, but this is Charlotte.
'88 targa
SOLD 2004 - gone but not forgotten