I've heard a lot about these metastable failures in P3s, but I have yet to have any of mine eat batteries like that. I have been told it only happens to a relatively small number out of the total number of units made, so I guess I just got lucky. And yes, I've tried using them for a few days, then setting them on a shelf to be ignored (intentionally) for a month or more, and when I've come back, they've always worked fine and showed no decrease in remaining battery capacity.
I have posted to my website that these failures have been occurring (just so the buyer can beware), BUT also posted information that they are being worked on. Most recently, I did state that the next generation of Photon 3 would be using a new chip. Not just a reworking of an existing chip, but an entirely new one altogether. The violet Photon 3 was first to receive this new gift of life, and my sample still works fine. A few days ago, I also got a sample of the white P3 using the new IC. So we'll see what happens. But I'm going to go out on a limb and say that I think the battery-eating problem has been eliminated. As long as you don't receive old stock from a dealer anyway.
To see if your P3 is a new chip version, pop it open, dump out the batteries, and look for "2002" engraved under "L.R.I." in the center of the PCB. That *should* indicate the unit uses the new microcontroller, and not any variation of the original. Also, the mode progression should go: Auto-off, high, medium, low, fast blink, slow blink, SOS; and the mode dwell time should be a hair under 2 seconds - though I think the dwell time fix and the SOS substitution may have occurred with a very late permutation of the old chip. So check the PCB for "2002" anyway, just to be certain.