I may be seeing things, but seems to be a belief not strictly true that the best cells have protection circuits, or that with a protection circuit one is safer, glazing over the fact that protection circuits are only necessary on ICR cells (LiCo or LiCoO2). When LiCo cells drop below 2.5V they can form crystals in the liquid electrolyte effectively causing a short and can then explode or cause a fire when recharging, thus the need for a protection circuit. If they are never put back on the charger after dropping below 2.5V, there is no concern. The circuits merely prevent the cell from dropping below 2.5V and serve no other purpose. Decent primary Li-ion cells also have a protection circuit to prevent thermal runaway.
More recent chems (IMR, INR, IFR) do not need that protection, and can drop below 2.5V, and recharge without risk of explosion or fire, taking only a hit to their capacity depending on how often and how long they drop below 2.5V.
So which is safer? A protected ICR or one of the chems that don't need protection? IMO, the other chems are safer, because protection circuits can fail.
But that is not why I posted, to evangelize the newer chem. I could care less what chems anyone uses, as long as they have done due diligence in educating themselves. I posted to make it clear to jabe1, profstudent, MaStAViC and any others that stumble across this that there seems to be a bias towards using ICR cells, because of the protection circuits, which could give a false sense of security. All li-ion cells have some risk, but LiCo cells are the riskiest (any time we have heard or things going wrong and of injury, it was either in the use of two substandard primary Li-ion cells or ICR cells), thus the need for protection circuits. Know what you're using and know why you chose to use what you chose, be aware of the risks, and don't abuse your cells.
Sorry this comment sucks.