"I read where the switch on the P3 wasn't water resistent"<br><br>The P3 has always had a water resistant switch. I think you must mean the P2. The switch design on the P2 is not water resistant, but the light still works reasonably well even with water inside.<br><br>By the way, in case anyone missed it, LRI has released an economy version of these keychain lights called the X-Light. Also a very good light, and a real bargain.