I'm no authority on flashlights, but have played with several. I won't buy non-LED lights anymore, but I just can't justify spending more than $50 or so on a flashlight right now. My needs are related to hiking/camping, walking through unfamiliar areas at night, and lighting up my work area while outdoors. I don't need to blind people 100 yards away. So, here is what I've found works well:

EDC - Ritter customized Photon Freedom - amazingly bright for the size; love the bulb collar.

Carried in my bag - Underwater Kinetics 4AA LED in yellow - bright enough to light up my work area; operates one-handed; runs on regular AA alkalines; non-rolling; bright yellow makes it easier to find; unscrewing the head "locks out" switch.

Headlamp: I like the Princeton-Tec Aurora - 3 LED's; 3 brightness settings plus several flashing modes; light weight; provides a nice flood for my work area --- I also have Princeton-Tec's EOS headlamp. Nice and bright, but the beam is a bit too concentrated for my taste.

I also like the Princeton-Tec Impact XL, but it is turned on by screwing in the head - that means I need two hands to turn it on and that is frustrating at times.

Rock River 1.5W LED Lantern (from Target) - a nice LED lantern for only $20

Avoid the Rock River 1.5W 2C LED light from Target. It looks like a spotlight (bright moon-like circle of light - I don't care for it).

I've also been reading great things about the Rock River .5W LED 2xAAA flashlight at Target

For reviews go to http://www.flashlightreviews.com .

A good flashlight-related forum is http://www.candlepowerforums.com .