I don't have direct experience with that particular light, but CygoLite is a reputable outfit who have been in business for a while.

I wonder about the wisdom of an NiMH battery. Li-Ion is far superior in terms of total power stored (and hence runtime). The downside, of course, is the cost.

So if you're cost limited, and have to buy something listed on Amazon, this looks like a decent deal (much better than the EL320)

I have Magic Shine, but I wonder how long it will last. It sure is bright, but the quality leaves something to be desired. I've already re-wired it completely, and it's less than 6 months old.