Hello Greg,
I think you should pop the cell that is reading 1.5 volts on the charger for about 30 seconds. I have seen some protected cells show that voltage when the protection circuit kicks in. If the protection circuit has tripped, this brief charge should reset it and you will end up with normal voltage. If this doesn't work, don't charge it.
On the information given..., I think there may be a drain on the system. This may be from the flashlight, or possibly from a malfunction in the protection circuit.
Other than total abuse and heat, Li-Ion cells degrade by oxidation of the internal components by the electrolyte. The oxidation potential is greatest at full charge, and at full discharge. The mix of the electrolyte varies between manufacturers, and batches, giving different performance for the various cells, but over all, the life of the cells has been increasing.
Tom