I would think SureFire might do well to make an LED version of the E1E without the TIR optic, and with a relatively low output and warm-tinted emitter and an OP reflector for long runtime, say a 15-20 torch lumens light with a nice compromise beam pattern and maybe 8-9 hours of regulated runtime. I think this would be a dandy camping, night hiking, general outdoor light. Simple, rugged, and affordable (by SureFire standards.)
The little single cell light is always going to be outclassed as a pocket rocket, and we've already got the E1L, E1B, and TLS heads for folks who want max output or, two levels of light, or the throwy TIR beams, with loooooong runtimes on the low end.
I got a chance to take my new E1E outdoors the other night, and when you're in the woods, in the dark, and there isn't any light pollution, even the lowly E1E puts out more light than is needed with the stock MN01 lamp, in a nice beam with surpisingly good throw, and useful spill. The only problem is the short runtime. So maybe a simple warm LED version of the light would be a good idea.