I'm definitely going to just replace the reflector with a blinky (probably like Southpaw's). I went out this evening, and realized I hadn't brought my spare blinky. It stayed light enough that I never needed it, but I want a good one ON the bike.
The Soma tail light is adorable, but not the right solution for this bike, I think, due to the baskets. I'll ask about the Soma headlight when I go in to get the tail lights done. I like the looks of it a lot.