I purchased this lens about a month ago and have been very impressed so far with the VR system. Much of the work I have done is low light live music and the VR set to normal is perfect.
I'm going to be flying quite a bit in the next few weeks, most likely heading up for the first time in the next few days. My gut instinct is to set the VR at normal for the first flight and experiment a little with the VR set to active. I'll certainly do this if any of you with aerial photography experience can't recommend otherwise.
Have any of you that do aerial photography seriously used this lens? What are your thoughts? The platform is fixed wing for this shoot.
"Magic Carpet" Yup, VR to Active >1000th sec SS
(Timmy Leary and I did quite a bit of this...long before they had VR)
My experience since, is limited to hot air ballooning.
I got a ride in a Blackhawk and I used my 70-200 VR1. I forgot about the normal/active switch so it stayed on normal. The shots came out fine, the doors were open and there was a fair amount of buffeting as I was in one of the outboard seats.
I like to keep my shutter speed in the 1/1000 (as trenchmonkey recommends) or higher range and of the thousands of aerials I have previously shot with non VR lenses this has worked fine.
I'll use both VR settings on the first flight and will see what sort of results I get. Will report back with my findings.
VR should be turned OFF for shutter speeds of 1/1000 or faster (many say 1/500 or faster) as it will introduce random unsharpness from the cycle of the VR operation.
If you can use a high enough ISO to keep your SS up, you won't need the VR. If your SS is 1/800 or lower, VR should be in active.
While I always like to shoot with a lens hood, I usually take it off for aerial work where the camera will be out in the slipstream.
If you've had success with techniques before, keep 'em.
I shoot aerial shots on a pretty regular occasion through work. What lens I use is largely driven by the aircraft I am in. I frequently use the 70-200 VRII from a helicopter (Bell Jet Ranger) where the doors can be off and I have ability to move a little. I would say that I am not a fan of this lens in a fixed-wing plane (Cessna). For me (I'm very tall), this lens is too long to maneuver around me and the generally poor (photographically speaking) windows of fixed wings. I would STRONGLY consider having an additional lens (that is shorter in overall length) or two in your bag. Also, the 70-200 is to much magnification in many cases....I'd consider having a wide angle (I use the 16-35 VRII) or standard like the 24-70.
I generally work with the VR off and focus on shutter speeds in excess of 1/1000th second and have had no problems.
I think it really boils down to what you want to do, ie, vast vistas type shots or zoom in on just a building or two. Also, we don't know if the OP is shooting DX or FX, if FX then a 70-200 may be just right. In the air to air work I did years ago, it depended on the pilot of the other plane as to which lens I chose. One or two of them I needed the 35-70 (sometimes wished I had a 24-70!) and for other pilots, the 80-200 wasn't long enough.
Yup, VR to 
