Well I don't know about the regular ArcAAA but paid nearly $40 for my ArcAAA-P well before the company went under and I feel it was worth every penny (which is ironic since I was skeptical at first then grew to love it dearly). That being said, I would place an order right now for one of the 1.5v AAA 1 LED White Aluminum ( Prototype ) lights from Peak if they were in stock but they are not! For $14.95 it's worth it to get one and compare it side-by-side with my AAA-P. I'd be happy to post some side-by-side pics of the lights, the beams, etc once I get it in and compare it with my ArcAAA-P... that is if they are ever back in stock.
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Learn to improvise everything.