Bought one of these yesterday as I lost my primary lamp and (while not cheap) this looked to have a lot to offer. Paid 37.50 at EMS with their 25% off sale yesterday.
It has many light options - spot (w/dimmer!), flood, red and strobe for any of them.
Takes 4 AAA batteries but is still very small in size and light weight considering. There's a knurled screw to open the battery cover which is a nice touch.
Waterproof to 1m.
The spotlight is INCREDIBLY bright, brighter than most full size flashlights. On par with one of my tactical lights.
The red light isn't very bright. Probably enough on a dark night but I found myself using the flood more than I did with my old lamp.
All the light functions are controlled by a single button which can be a bit confusing. Though when you're in the red light mode it will go on/off without having to cycle through the white light which is nice. You hold the button down for 3 seconds when the light is off to switch between red and white. Click the button several times to go into strobe mode when it's on.
Only real complaint is that the button has a subtle feel and isn't always easy to find, and this wasn't even on a cold night. With gloves this could take some getting used to.
So pretty nice but not perfect.
Of course today I found my other lamp
-spence
Threaded Mode