Yes it does have a headlight on it. Not very bright, maybe 50-80 lumen but it does have a decent beam pattern. The thing is if you use the light you have to point the speaker down which sort of points the speaker grill away from you. The light also has a high and low beam. The ad says that the speaker will run, " 5hrs with full illumination". No mention how long if not using the light. The ad says that the light can provide 200 lumen of output but believe me, it doesn't put out 200 lumen. If it did, no way it would run for 5hrs on a battery that supplies just little over 1000mAh. If it had I would have been pleasantly shocked.

Now about the run time; I just now tried to run the speaker while charging and surprisingly it will still play while charging....so I guess that means it you have an alternative USB type battery source you can get longer run times. Most things I own that charge with USB won't work and charge at the same time ( except for my phone of course ).