Dealextreme has a good deal on fauxtons. Packs of 10 or 40, at a very low price. You will likely get one or two with dead batteries, but they work about as well as the original.
With regard to your original question, finding the room to carry a Fenix AAA will provide a huge advantage in run time and light output.
A CR2016 lithium coin cell is rated at 90 mAh, and a AAA (alkaline) cell will give you about 1,000. A bit less total output is available from NiMH rechargeable, but they can deliver a lot more current. Lithium AAA's will produce 1,200 mAh.
So an AAA powered light has 5-6 times the power available.
I carry my Fenix L0D in the watch pocket of jeans. Comparing either runtime or output will leave the Photon type light in the dust. The L0D (or new LD01) throws a beam that will reach out 50 yards or so, and it lasts hours on the lower settings. The Photon will last a few minutes and light up targets a few feet away.
I use my L0D light a lot (have had it nearly a year), recharging the Eneloop cell every week or two. I don't bother with a Photon any more.
It's handy to keep a photon on a keychain or in a purse, but I find it easy to carry the little Fenix, and it's a useful tool, worth the $40 plus price to me.