Today, I ordered this:

http://www.ebay.com/itm/Cree-Q5-248-...item1e644ae1fa

I thought it was a great price for the package. I know, the battery and charger could be better and the light won't impress the flashlight fetish crowd, but this was my top price point after my old cheap 3 aaa light got stolen off my bike the other day this seemed a fairly good compromise between price and features. I will report back with a review once it arrives.

The only thing I know I don't like is the blue color of the click button, but I plan to fix that myself with an indelible ink laundry marker.