I would agree with the original review posted here. It's focal length at minimum focus distance is around 240mm, there's no question about that. At infinity, I think it's close to 285mm, which is reasonably for a zoom.
It's a great lens, price and its performance is truely extraordinary at this price point. But it's not a replacement for a 300mm f2.8 L IS and to my mind, it's a halfway house between the big 300 from Canon and a 70-200/2.8 IS.