I'm kind of conflicted on the bright blinky thing. I suspect that the guys I encounter on my commutes with blinding blinkies aimed at eye level just don't know any better. But my telling them about it is not going to happen. Do your thing and let me do mine, that's really fundamental to this whole bicycle commuting perspective isn't it?
I am tempted however to rig up a separate bright light - maybe a blinky- with a handlebar push button switch so I can "bright-light" them a ways off, like you would in a car. Good idea, or pointless?