I have a prototype in hand - which is what I believe Golden Gadgets is selling is a prototype.
The output is very impressive and 500L is definitely believable. I haven't done a runtime test yet but 2.5-4 hours is definitely what I'd estimate just on the math - circuit efficiency will determine where exactly it falls in there.
I haven't ordered them yet as we're asking for some improvements. The overall quality is good but the switch is flaky. Also the circuit doesn't have a wide voltage tolerance so running on CR123A's is a manor no-no. We're asking for either a circuit redeisgn to allow of 18V input or a second battery tube for 4 X CR123A's (runtime at max would be like 20-25 minutes - still way better than an M6's 12-15 on 6 batteries though). It is undeniably a major light cannon; the individual reflectors are deep so it has great throw. The beam quality on a wall at 1-3M is MEH but who really cares as this isn't a light meant to be used in that range.
The light also features strobing (wrong rate for tactical strobe, also on our wish list to the MFG). The stobe can be used on either the high or low output modes. I've already shown the light to a few CPF'ers who have stopped in, perhaps if they read this they can chime in...
Oh and regarding the size it's ~1" shorter than a 3D mag (and about 7 times brighter with 4 x the runtime).