I just saw the 30min infomercial on NGC.
It looks like the two triggers on the grip are for the light function, lower trigger alternates between low level and utility red and white LED's, the upper trigger selects 100 lumen LED momentary and strobe. The OC button is on the thumb under a flip up lid on the top, like the big TL. It appears the thing runs on 2x123's. I think I heard it holds 1/2oz of spray. The drama is a little overkill, but it gets the point across. I think the best parts are where Teig is explaning the light and waving it around showing how fast it is to flip through the functions, with everything mostly hidden in your hand, and all three buttons under your fingers nicely. It looks like there's a wrist strap or something that's pretty beefy, to keep it from getting knocked away from you.
$89.85 + s/h
~Dougk
EDIT: I'm really interested in what the 'series 2 TL' has to offer also.