Peak still makes the 1AAA 3LED. I have the older ultra power version and it's noticably brighter than the old Arc, though maybe the beam is a little bit more directional. It's a very usable light. I like the snow-colored LED. The battery efficiency is a little worse than Arc's both in the snow LED and in the electronic circuit. After several hours the Arc is still going strong while the Peak is somewhat dimmer. But the Peak keeps going, putting out dim but useful light, for a long time after the Arc has gone completely dead.

Both these lights use little enough power that I see this as mostly a theoretical issue anyway. But if you use L92 lithium AAA cells, you do get quite a bit flatter discharge curve in both the Arc and the Peak.

http://peakledsolutions.com/aaa_3LED.html

I have a new one, have been very happy with it so far. I ahve carried it every day since I recieved it until yestrerday when I lent it to my father...

I've been using my old AAA Arc for the last two years or so, and I've never had a problem. I've been very happy.

Back in July, I think, the Arc as available again. In August (since Arc wouldn't sell 'til the mid-August, at that time), and was emailed to me yesterday, that my new light will be in my mail.

It's supposed to be brighter, so I'm really looking for it!