or about $200 for a full dynamo-equipped front wheel, LED front light and rear rack-mounted light imported into the US.
IMHO, that's a much better value that strapping batteries and a MagicShine to a bike.
Just my 2 øre (currently in CPH).
edit: I also understand the unlit road argument because I selected my current house based upon cyclocommuting opportunities including the ability to a have several lit cyclepath and road options. On my cheap_bike_experiment, I went with a set of flashing LED lights from KNOG because I wanted to be seen rather than needing to "see". In addition, the UK doesn't employ the StVZO, or similar, regulations, so I felt more comfortable with employing non-StVZO lights because the bike is over 11kg.