I don't have any 'elite' lights, and with the Crees and Seouls out on the market now, I'm glad I didn't dump a lot of $$$ into Luxeons a year or more ago.
I have a 'Vika' which (I think) is a Luxeon III driven by a 18650 Li-Ion cell. Not a bad light ... but very much a spot light while I prefer floody lights.
BUT, I have the same light (same chassis) with a SSC P4 in it that blows the Luxeon away! So what's the point of the Vika anymore?
One light I still like a great deal for usable amount of light, form factor and (most of all) warm-ish tint is my lowly Task Force 1-watt, 3AAA I got on sale almost a year ago. When walking in the woods and other scenarios that don't require seeing 100+ yards, this has GOT to be one of my favorite lights ... period.