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@neu
http://www.youtube.com/watch?v=gxFognzEw40
~£14 on ebay/dealextreme (not including 18650 batteries and charger)
I wouldn't take too much notice of the 1300 lumens claim, but clearly very bright for the money.
I've read with similar models that the heat dissipation can be poor, killing the LED if on too long. It seems the build quality varies a bit, so you take your chances. I dunno, worth a pop.