I have the L2 and love it. Two LED brightness levels, throws a wide,bright beam, and sips the batteries compared to their standard (P90?) bulbs. Payed $132 for it, before they started cracking down on sellers selling below MSRP. Although it's my favorite flashlight, I'd probably look at other manufacturers and compare before plunking down full MSRP. The quality and variety of LED lights has exploded this last year, and Surefire has some competitors breathing down their neck. Their days of dominence at the high end might be numbered.

And for the money, Photon Freedom (have one of Doug's) puts out a lot of light in a tiny package. Looks twice as bright as their standard light because of the new LED.