Mine just arrived today! Here are a few brief comments that I have (in other words--my "two cents" worth).
1. The light on mine has a somewhat "dirty" or polluted white appearance, rather than a bright, true white. Perhaps I'm being nit picky, but I'm a little disappointed about that. My Arc AAA-P puts out a nice, true white beam in comparison, although not nearly as bright of course.
2. I rather like the switching system. Simple to use and it works great. It might take some getting used to, but it's nice to have all of the different modes available. Wow! That is quite a hyper strobe mode!!
3. I'm not very impressed with the clip. It is too thin and has way too much give to it. I suppose that I could bend it down with a needle-nose pliers but even then I don't think I would trust it enough to hold the flashlight securely in my pants pocket.
4. Some have said that the finish can get nicked and scratched. I haven't had mine long enough to attest to this, but I do agree that a model in a natural HA finish would more than likely keep its looks better down the road.
5. I can't really detect the "strobing effect" in any of the steady on (primary, low, or high) settings. In fact, if I hadn't known about it I wouldn't have even tried to look for it. But I understand that some individuals have greater sensitivity to it, so they would probably notice it. What does "PWM" stand for when the "PWM circuit" is referred to?
6. Overall a very nicely designed light and powerful for its size. Anyone else have comments on the light tint?