An update on the PLI I purchased: Bryan shipped the flashlight incredibly quickly, but it was defective when I got it. I contacted him via email and we exchanged about 8 emails over the next 24 hours. I think he's an email addict (like me), because we were both replying emails until past midnight. Anyway, he informed me that I should send it back to him for a replacement, which I did. I got the replacement earlier this week, and the new one works perfectly.
I don't have time for a comprehensive review right now, but here's a brief description of the light. I will post a new review thread later.
The light is comparable to the DealExtreme P7 lights in terms of overall size, form, and weight. It is better made than the DX light. Like the other Shiningbeam light I own, it has much finer tolerances all around and is as clean looking on the inside as it is on the outside (the internals of my DX P7 is a mess of ugly solders). My DX P7 stopped working after being dropped onto conrete from one metre. Hopefully this light will be more durable.
This light tailstands. It came with a lanyard, a couple of replacement tail caps, a few spare o-rings, and a momentary on switch for those who prefer them.
The light has three modes of varying brightnesses, and no flashing modes. It is very similar to the DX P7 as far as the beam is concerned. It has a wide spot with generous spill. I used it on Wednesday evening and it works very well as a bike light.
I think the higher production quality of this light makes it a better choice than the DX lights currently available.