The LED lighting revolution has come upon us pretty quickly, and aplications are still being sorted out. Everybody seems to be all over Magnic's eddy current thing, but IMO the true evolutionary step is a new design paired dynamo and headlamp with power and regulation optimized to work as a single, cohesive unit.
(The Velogical rim dynamo is another, different step in this direction: optimized to work with a short list of modern LED headlamps.)
Most other tire and hub dynamos are legacy designs expected to power anything from modern LED headlamps to old 3W filament bulbs, and modern LED headlamps are designed to be powered by anything from a Shutter Precision PD-7 to a 60 year old Soubietz bottle dynamo.
With a hand-in-glove matched optics, LED, electronics and purpose designed, dedicated dynamo, I think there even might be some life left in the all-in-one headlamp and tire driven dynamo design, well under the price point of Magnic. Or maybe not!
One thing Magnic could learn from the past: redesign the heads to place the lamps above or below the dynamo, rather than out to the side. Magnic's current layout with the lamps on the same horizontal plane as the tire/rim maximizes shadowing.