Originally Posted by
willtsmith_nwi
There are some VALUE options out there. Don't buy the toy "be seen" lights for the front. Those 1-3W jobs make good hiking lamps but terrible bike lamps. Worse yet for an extra $20-$40 you could get a REAL front light.
By now you must have heard about the Magicshine. It's available for about $83 on DealExtreme. For the rear, the latest and greatest is the Portland Design Works Radbot 1000. It's by far the best blink for the buck you'll find at $30. Add in $20 or so shipping and your at about $140 for a basic VALUE setup.
The OP said he's on a tight budget and the Blaze 2 watt light puts out enough to see by and to be seen. Go here to see the light in action compared to others:
http://planetbike.com/page/learn/lightfinder/