I've got three of the batterymart ones. (the "these" link in the first post) They seem to work fine, although there was a bad solder joint in one that caused the green LED to light only intermittently.
When charging a battery that has been discharged, they put the maximum current into the battery initially. That is, .5 amp for the .5 amp charger. As the battery voltage rises, the charge current diminishes. When the battery voltage reaches about 14.8 volts (or 7.4 volts for a 6 volt battery and charger) the charge current is approximately half the initial current. At this point it switches to float charge. In float it supplies around 13.3 volts (or half that for a 6 volt system). At least that's the way mine works.
I think there are a couple of pots inside, for those people that can't stop tinkering until they break something. /ubbthreads/images/graemlins/smile.gif
Presumably if you leave it for a few months, the battery will self-discharge enough for the charger to switch back to fast charge.
I've tried to trick them by hooking them up to a newly charged battery, but they figure it out within 30 seconds and switch to float. The NiMH chargers can't figure it out so fast.
I've also used one to top off a car battery that had been sitting around for a couple of months. It worked fine.
These chargers use a simpler algorithm than any I've read about, but I think they work fine.
You guys that are in such a mad rush to charge your batteries that you can't live without a 15 minute NiMH charger might want the 1 amp charger. Just check the label on the battery to see what the maximum permissible charge current is.