I got these new flashlights form Princeton Tec. The Tec 40 is a great light that is also suited for scuba diving - so you know its 100% waterproof.
When you buy one, I'm throwing in a red lens for free - the red lens prevents a loss of night vision.
Keep an eye on this page as I've got several more items to add.
Princeton Tec (http://surfcasting-rhodeisland.com/Princeton.htm)
http://surfcasting-rhodeisland.com/StoreImages/Princeton_Tec_40_red.jpg

I saw a guy who caught a bass at qounny used that light. it's better than the bright flashing light.

have one and have had it for 2 yrs, very good flash light indeed. very bright, holds up well in the salt .

I love their headlamps especially when you add the red lens.