I've got the older version of the Romisen RC-N3 II CREE R5 2-Mode LED Flashlight. I've had mine for over 3 years now and its worked great. Can't beat it for the money. I've been using the same AA rechargeable batteries during that time. It's what'd you call a 'see and be seen' light. I give it 5 stars on price, reliability, and function. You don't hear problems with this model like you do the Magicshine.
http://www.shiningbeam.com/servlet/t...h-N3-II/Detail