Just wanted to chime in and say that I have two of these and love them. They are a great size, super bright, have a lanyard and clip (and allows you to clip onto the bill of your hat if you wish), and best of all they are a good price. Another benefit is that they take one AA, so I keep a rechargeable AA in it, when it dies I have another rechargeable AA I can replace it with (and then charge the other one up again). Plus, if it ever dies when I'm out of town it's pretty easy and cheap to get a AA battery. Exceeded my expectations.
I also have an Inova X5 (takes a CR123) and it is comparable in brightness, and build quality is the same (metal, solid).
Pros: Uses AA Batteries, Pocket Clip, Lanyard, Price, Underrated Lumen Output, Small, Durable, Waterproof, Momentary 'On'
Cons: None, but could improve upon design with additional models that have a glow-in-the-dark tailcap button, ridged frontend, and/or strobe function.
This review was written in the old system and had content requirements that are different than reviews written today.