I have the 2AA and the 3AA LED Maglites and I think they are both great lights. I think the AA is plenty bright, and the 3 AA is a bit brighter. To me they also have a pretty nice beam. True, they do not have the latest and greatest LED's in them and the latest technology but I would like to make a few points:
1. They cost $20-$25.00. Do not compare them with lights that are running 45-75.00. They could make some upgrades, but then they would cost a bit more. I would like to see maybe a Mag "premium line" of lights, but maybe they do not want to get into that market.
2. They are a lot better quality than most of these cheap Chinese lights that are out there. I have owned Mags for over 20 years and none of them have ever failed me. All I have done is replaced batteries and bulbs. I have read many posts about folks buying these cheap lights where they order say three of them, and two are bad right out of the box! I am talking about the Mags build quality by the way. Brightest is not always the best.
3. They are an example that we can still make a quality product in this country and sell it at a fair price. Something to think about as we slowly sell out our country to imported products and outsourced manufacturing.
I currently own about 7 Mags and like them all. I also own about 40 or so other types of lights, some American, some Chinese, and most of my recent ones (Huntlight, Dreelight, Surefire,Olight, Inovas, etc) are all great lights, but they are in a different class. I have some of these cheap lights that I got at Walmart, Kmart, etc. and I like them also, but they do not have a proven track record (so far) like the Mags! Just my 2 cents!!
Mike