I was waiting for the new improved model but finally realized there is no indication that such a change is coming anytime soon, if at all. So I got one last week and I am absolutely thrilled with it. Mine does have the well known ring, but I couldn't care less. If they put in a textured reflector it will decrease the throw. If people in this forum didn't complain about the rings, I wouldn't have even thought about it. It's a complete non-issue for me. It's a fabulous flashlight.
And by the way, I have a Nuwai Q3, so I know what a smooth beam is and I do appreciate them. but the P1D-CE is great just the way it is.
I was also hoping for a price drop, but I didn't want to wait until flashlight season is over.