Another possibility came to mind--the 2008 Inova T-series lights get good reviews from users, including LEO. Inova makes good, tough lights. The new T-series (the 2008 ones) is noted for having a "warm" beam for an LED that many people really like. In particular, the T4 would fit most of your specs except the adjustable beam part. The T4 and T5 are similar except the T4 uses a rechargeable lithium-ion battery and comes with a cradle (home or auto use). It's a bit above your $100 mark, depending on where you buy, but you wouldn't have to pay for batteries.