I also got the Lightwave 4000 via eBay. Got 2 of them, one for a friend. He brought it to my attention in a catalog we both get. He is an independant contractor, and it has replaced the 4D Mag-Lite, due to the beam quality and runtime. We both have Eveready Titaniums in them: brighter and an added 65 percent duration.
The downside, is that we both need channel locks to get the head off (gently applied of course). Once the seal is broken it unscrews easily, though it will reseal itself.
The standard D cell Mag-Lite belt holder: leather loop w/snap and plastic ring, holds it perfectly. There is more than enough flare at the head to hang it from your belt this way, without fear of it suddenly dropping through the holder ring. A 2D Mag is heavier than the 4000, and those holders are designed to carry their entire line of D sizes, including the monster 6D.
The wrist strap supplied with the 4000 is chintzy to say the least: too long and no way to snug it to your wrist.
John at LEDCorp told me to expect 7 days (24/7) of full brightness and 7 days of dimmer, but useful from alkalines. He tested one.
I lucked out, cause I called them to see about availability of 2 Cell WHITE Pro Series bulbs. Reds are the only ones listed on the website. This is due to the rarity of finding suitable Luxeon Stars in White for the 2 Cell. They just found some in their most recent batch, So I ordered one and will probably see it beginning of October (it takes about 10 days to make the bulbs, including shaping of the high dome). These are designed for Mag-Lites. I was impressed enough by the review at LED Museum to want to get one, even if I had to buy another Mag.