My own Fenix E05 just came in the mail today. I'm really liking it. Besides the very unobtrusive form factor of a 1AAA light that disappears into the pants pocket of a suit or trousers (no belt carry necessary), the E05 drew my attention because it uses an optic, instead of a reflector, for a very nice, even flood light. Perfect for just about any short/medium-range illumination need.

The addition of a second, lower mode would've made it ideal for me and would allow me to fully replace the long-running E01 model that I already carry, but I'm not complaining.