In all fairness though, Fenix used to be great. Their lights were great value, high performance and well designed but now they're a bit... crap.
EDIT:
I just checked my email to find that Fenixlight have sent me a 'proper' reply. Unfortunately, Fenix deny that the LD12 uses PWM. In their words:
"I have consulted our electric engineer. He explained that as below:
Test the light by phone or camera isn't reliable, because the test equipment has its own frequency also. We use Oscilloscope and integrating sphere to test the beam of the flashlight. That can avoid the extra interference.
The LD12 is constant current circuit, not PWM."
<sarcasm>Well that's totally restored my faith in them</sarcasm>