I want one...
Fenix L2D CE
http://www.fenixlight.com/flashlight/fenixl2d.htm

It has a freaky-bright setting (135 lumen!), especially considering it uses simple AA batteries instead of those funky lithium 123A things. And at $53, it just seems amazing. As soon as my wife lets me, I'm getting one.

Operation:
Fully press to switch on and turn the bezel to select General Mode or Turbo Mode. A soft press anytime while the light is on will change the brightness levels within a mode.

Features of Fenix L2D CE LED Flashlight:
- Cree 7090 XR-E LED with a 50,000 hr life (approx)
- Two output modes (adjust by turning the bezel): General and Turbo
- General mode has 3 light levels plus SOS; 9 lumens (55 hrs), 40 lumens (10.5 hrs), 80 lumens (4 hrs) and SOS
- Turbo mode; 135 lumens (2.4 hrs) and strobe
- Digitally regulated for more constant brightness
- Powered by two AA batteries (Alkaline, Ni-MH or Lithium) ** batteries not included **
- Made of aircraft grade aluminum
- Durable Type III hard anodized finish
- Toughened ultra clear glass lens with AR (anti-reflective) coating
- Water resistant
- Push-button tail cap switch for constant on/off
- Includes wrist lanyard and open top nylon belt holster