Not sure about it being voltage regulated. Everything that CM has done to modify the bias indicates, it seems, that it is a current regulated design.
Bill
It is entirely possible that the circuit is voltage regulated. However, voltage regulation is not the preferred way to bias LED's in volume production because of the wide variation in Vf. You will either have to tweak each one OR accept the wide variation in LED forward voltages. I don't think they tweak each one, so accepting the wide variation in Vf means that they either have to design for the worst case Vf to meet their output claims but that means some LED's will be driven pretty hard (possibly out of spec). The ones driven hard is susceptible to thermal runaway.
I have used voltaqe regulation to bias a LED (only once since the Vf-If transfer characteristic is highly non-linear) and I can't imagine having to adjust each unit in production to make sure it is within the operating envelope specified by the manufacturer.
However, the key thing to note is that regardless of the the type of regulation (constant voltage or current), evidence shows it is a boost circuit. This is emminently more useful knowledge than constant voltage or constant current since it defines some of the operating limitations of the circuit for us who wish to modify or use this with other input voltages/LED drive currents.