The C2 is a great light. I've been running one of the 360 lumen C2.1-H versions since early in '07. Lots of light, very rugged, completely waterproof, great beam pattern for riding, and super quick setup for easy to switching between bikes. It's a blocky light, but you don't see that at night. The light is so bright, and the beam so well shaped, that some riders show up for my pre-dawn departure group rides without lights, choosing instead to simply ride close to me until there is enough sunlight.
The quick charge time means that the light can be typically stored partially discharged, which increases the lifespan of the LiPo cells. The light charges between when I get home and when I leave for a late night ride. An odd thing about BR Lights marketing is their insistence that the light charges fully in 70 minutes. Indeed, in that time the charge light switches from red to green, and you do have enough charge for a good long ride, but...if you leave the light on the charger (showing green) for a couple more hours then it will take more charge and provide a longer burn. This isn't bad though, because you really don't want the LiPos to spend much time close to their peak charge since they are chemically unstable there.
My only cautionary note is that you should have a backup light source if working deep into the C2's charge. The last half goes faster than the first, and when the light decides it's time to shut down to prevent overdischarge (which would permanently kill the LiPo cells) it goes from warning flash to OFF pretty decisively.
Thanks, Cave, for getting the info on the emitter change. I'm on the fence about getting the upgrade now. Floodier might let me mountain bike without a separate helmet light. On the other hand, more throw would have kept me from outriding the light during 40+ mph road bike downhills. Hmmm.
Earlier suggestions about a third light level are right on. This wouldn't be hard for BR Lights to implement since the light already has three levels when you consider the stealth setting. A great set of levels would be 100 - 300 - 1000. Maybe they're paying attention to this thread. If buying a light in this category (high power self-contained) today, I would go with the C2 family again.
Best, Dave