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Well, for full body shots, it shines better than the 70-200/2.8 when the BG is a bit further away: http://www.fredmiranda.com/forum/topic/1172604/29#12293083 (the last two).
Here's a full body of a young girl with the 1:1 ratio close-up for detail I know a 70-200/2.8 wouldn't get. D4 body. Not sure about you, but there's a pop to it I can't get with the 70-200/2.8 at f/2.8 at 200mm.
It shines for portraits more than for full-body shots, but if used in exactly the same situation as the 70-200/2.8 VR II at 200mm wide open, it'll out-resolve and have a nicer DOF rendering, from my experience.