I got mine on Friday, and promptly tossed it in my pocket with my keys. Then I decided I should take some pictures of it:
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Titanium
Really shiny
No strobe
R5 LED is nice and bright
Seems to have good heat conduction
Threads are not titanium-on-titanium, so regular grease will work fine
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Raw-machined finish would hide scratches better than polished finish
Inductor makes a hissing sound on highest setting when battery wears down a little
Threads aren't terribly precise, so it needs a couple of grease changes during break-in
Threads on head are made of aluminum and need careful breaking-in, whereas brass is much more tolerant of grit
Relatively soft titanium alloy -- I dropped it on a tile floor and it dented, whereas my Haiku survived hitting concrete with just a scratch
All in all I'd say it's a good starter titanium light, good for learning why people like titanium for this sort of application, and being current-controlled, it should run for a long time before needing a battery change.