Price range is looking like $250-$300 (I'm thinking AUD but USD is close enough that I don't mind and I can use them anyway) without the 18650 cells or charger. One of the aims of this design was to let people work out their own 18650 preferences.
As for the 30m rating. I'll need to do a lot more testing to be sure. I've just tested a single prototype so far. All I did was put it in a bucket of water inside a pressure tank and hold the pressure at 300-350kPa (40-50psi) for a few hours. That's all my tank can handle but I'll be interested to try it at higher pressure oneday. My concern about 30m cave diving is not the pressure so much as all the other abuse it will take. Changing the 18650 cells with muddy hands and getting a small rock in the oring groove are the sort of things that kill a seal.
The lighthead has no moving parts penetrating the sealed body. The switch is magnetic (the button moves a tiny magnet on the outside of the body and a momentary reed switch inside closes and opens). This becomes a problem for compasses but only within about 100mm (and only seriously within about 75mm). -> I'll confirm these numbers again later on.
So the ways for water to get in the light head are:
1. Broken cable and water seeps along the wires. Not impossible. It's only a 4.5mm cable but it's pretty strong and can always be beefed up. At both ends of the cable, the electronics are potted, so water in the cable probably won't be a problem anyway.
2. Broken lens. The lenses are 3mm crown glass at their thinnest point (14mm at the thickest). There is an aluminium ridge protecting them so it'd need to be a very strong and direct impact.
3. Failed Oring. The surfaces are annodised 7075 aluminium and crown glass. Both are pretty hard and scratch resistant. The orings are all 2.6mm diameter. Like any oring, they'll fail without proper maintenance, but they are static and should last a very long time. I suppose they could be replaced with cheap quality or wrong-sized orings and that would cause a problem.
4. Broken aluminium body. You'd have to pe pretty rough with it. 7075 aluminium is pretty strong. Scratches and dents will happen, but a pierce or break seem unlikely.
The battery case is probably more prone to leaks because it gets opened and closed and has plastic parts.
1. The plastic surfaces might get scratched and ruin the oring seal. I've gone for 3.5mm diameter orings which are very forgiving of the surfaces (I tested by roughing up the surfaces and was surprised at how long it kept the seal). The surfaces can often be repaired anyway with a bit of fine grit sandpaper. If the lid is kept shut on the battery case, I don't see why it should ever get bad scratches. It does get opened and closed every time the cells are changed, so it will need maintenance.
2. The plastice parts may break. The thinnest part of the battery case is 2mm. I tried to keep the weight down but if you hit it with a hammer then it will eventually crack. For a really tough caving version, I may choose to increase it to 4mm at the thinnest but this will be too heavy to take jogging.
3. The mechanism that holds the battery case shut is virtually unbreakable. In the event that it gets lost (very unlikely, but I like redundancy) the battery case is also designed to be held closed with electrical/gaffa/strapping tape very easily. This may seem like a silly thing to design for, but since it is possible to remove the latch, I have to assume that someone will eventually lose it.
If/when the battery case floods, the cells will be ruined, but the lighthead should still be fine.
The Spike V3 was not designed as a caving headlamp. It was meant more for adventure racing in which it'll never go deeper than 2m. A worst case might be capsizing a kayak in salt water. For that purpose I think it's over-designed and very reliable. For cave diving, it's probably good enough, but it's not over-designed.
Other options that spring to mind are Kevinm's new P60 host or the Rude Nora, Sten, Scurion etc. These are all designed with caving in mind and may offer a better gaurantee. It could depend on what sort of beam you want too.