I ordered the III (that's the 18650 one, right?).
I liked everything I read about it except the reverse clicky. It's got the output I want, the features I want and it takes 18650's. I'm expecting it to be a floodier version of the CL1H. I chose this over the TK-10 because of the 18650. I hope it doesn't disappoint!
I came close to cancelling that order when I started seeing P7 stats but it's going to be a while before quality lights come out with that . . . . and runtime will be much less anyway. But I guess I'll wait for some larger P7 lights.