I haven't bought a Photon 3, the interface sounds like a pain. But, you can buy the 2016 batteries for .50 each at
http://www.sunnbattery.com/item.jhtml?UCIDs=559844%7C559915&PRID=269906
It doesn't really solve your problem, but it's better than paying $2-$3 a battery while working the problem out.
By the way, taking a look at
http://www.uwgb.edu/nevermab/battery.htm
it's clear that the Arc AAA wins out over the Photon 3 when talking about buying batteries at retail.
But if you give a few points towards the Photon lights because of their reduced size and weight, and you figure a new set of batteries are only $1 (vs. 52 cents for an AAA battery at Costco), the Photon is interesting once again. Especially since it gives over three more hours of semi-usable life.
I guess the only thing to do is carry both. I'm waiting for a special edition Arc to be made and delivered. Although I might have to cancel and get the special CPF version.
Brock, was that the special edition Arc AAA you used in your chart or the regular one?
Anyway, I really like my Photon 2, but wish that I could get access to the batteries easier. Now that I have a radio shack battery tester, I like to test the batteries of all the devices I take on a day hike before leaving (lights, GPS)...but I obviously don't do that with the Photon...it would take too much time to mess with the screws.
Once you start buying your batteries in bulk though, the extra battery life given by the Photon III low power modes gets less interesting (imho). At $1 a change of batteries their cheap enough that you can replace them whenever...