i got
http://www.dealextreme.com/details.dx/sku.8683 these cells...
my fenix t1 operates from like 8.4v to 3v, but i guess realistically im going to only run it down to between 6 or 7 volts.. maybe the current drain at those voltages to mantain the same brightness levels will be low and the voltage sag will make things abit easier to manage...
those cells are protected, (when working properly) they will cutoff at a low voltage, and will stay cutoff till you charge them again.
so i think that answers your original Q, they do have both ends of protection.
the only concideration that you need for them, beyond just using them and having fun, would be to recharge when they are low, say if you discharged them very very slowly on some very low setting, they will be lower than if you discharged them really fast.
because
a high rate of discharge, causes a battery voltage droop, that triggers the protection faster. the battery is running lower voltage then.
At a very low rate of discharge, there will not be as much battery voltage droop, so you will have a more complete discharge of the cell before you reach the low cutoff.
The short version:
When your light is on HIGH and you get a cutoff, and it stops, eventually recharge it
when your light is on LOW and you get a cutoff, charge it more immediatally, so it doesnt stay so low.
at any rate, the low cutoff will work fine (when its all working right) and you shouldnt have to worry about anything at all.