Bud, Johnk. I ran my first set of batts down in my A2 last monday, and it was at peak brightness throughout the 45-50 min of runtime. It isn't like the Arc/SF luxeon lights that gradually get dim over time, the A2 abruptly switches to a lower output mode, and you KNOW you need to replace the batteries pretty soon (unless you want to run just the led's for another 5 or so hours /ubbthreads/images/graemlins/grin.gif) I am very pleased with my A2. In my humble opinion it is the perfect edc light. I find myself using it more than I ever did my e2o or e2 because you have the option of using the low power (and long running) leds. The two stage tailcap is a gem as well. It is very easy to run just the leds, and not trigger the high beam in momentary mode, and you can lock out the high beam, or both modes for storage, or transport. While the leds are not as bright as a luxeon, they run for ten times as long as the kl1/e1e combo does. It is a very usefull wide beam of light, and you will use the leds %80-%90 of the time.
I am not sure if the A2 is waterproof or not, but it does seem to handle rain, and slight submersion(1-2 in. of water) well. I also noticed when I first got the light that it has a new little plastic widget to keep the o-ring out of the clip slot. The old e2e had to have a little plastic washer to do this, I highly preffer the newer method used on the a2 to the old washer.