I bought a Coast H7 a few weekends ago from Lowes. Have been eying it for some time, and finally decided to buy it. Figured I could always return if it stunk!! I own several other LED Lenser/Coast/Eddie Bauer lights (All the same thing!), and some I did not like, not because they were poor quality, but they used odd batteries. I have a few that use 3 N cells, and I have no clue why I bought those!! I also have some that use one or 2 AA and these I like. I did not pay more than 20-25.00 for any of them, so I would say those were not overpriced. Now back to the HP7! I was pleasantly surprised at this light! First of all, the finish on it is top rate. It was rated as 251 lumens on high, and 58 on low, and I believe this to be accurate. The focusing mechanism on this light is unparalled. This is the only light I have ever purchased that does this correctly. Push the head out, and it has a beam pattern just like a flashlight with a standard reflector, pull it back, and it lights up an entire room! No moonbeam or spot on the wall when you want some throw. It is not regulated, but I am using 4 AAA Nimh cells in it, which will give me a constant brightness for an hour or so I would guess. It is also possible that a non-regulated light may have its uses. If it runs for the 5 hours 45 minutes it claims, that would be great in some situations, even if the brightness is not constant. If it was regulated, it may run for 1-2 hours at full brightness , then just taper off, maybe not giving you as much light. If you were caving, just a little bit of light would be all you need to find your way. I paid $50.00 for this light, and while I think it may be about $10.00 overpriced, I still do not think it was a bad deal. I do not agree with some folks here that say the $10.00 cheapie lights or DX lights are better quality. I think LED Lenser/Coast lights are better quality than your standard Energizer and Rayovac lights, but not quite as good as say, Inova. I do agree that some are overpriced. I looked up that LX1, and while it seems like a nice light, I would not pay anywhere near $300.00 for it (or ANY flashlight actually). Anyhow, just thought I would give my 2 cents on this, whatever it is worth!!