And I can't wait for a price drop on the L0D-CE ..... I'm gonna buy a dozen for the family !!
Those LOD-CE lights are amazing, of all the ones I have, people are by far impresesd the most by the L0D-CE (and it's the one that others usually get the most exposure to of my lights -- on my keychain) if those went down in price, they'd definitely be awesome for gifts.
As it is, I bought a few Rexlights, plan to give a couple away as gifts for those who I know could use good flashlights (including a relative that is a plumber, could use a good EDC light for work) that runs on typical alkaline batteries. While I love the LiIon Rechargeable lights for my own use, they aren't practical as gifts for most people -- Rexlight will work both ways, which is nice.
For a lower budget gift (ie to give to several, instead of a select couple) the $10 "Elite" (Cree + Elly) is a great deal as well.