Azreal, the V2-16 Chip is a well made stainless-steel light with gold contacts, no battery rattle with good battery contact and a good output, it beats the KL2. BUT the front plate is plastic /ubbthreads/images/graemlins/icon15.gif and it is not regulated or even water resistant. A nice club round the house and quite beautiful, but there's better out there.
If you'd want it have a look at the German ebay (ebay.de), there they sell for about EUR 50-70 if you are lucky.
In the end, if in doubt, go Surefire!
bernhard
P.S.: scroll down to the 3rd post in
this thread to see some pics and beamshots in post 5 and read some more on this light.