Actually this project can be accomplished for less than $100 if you go the cheap route:
Perfect Tri-Star Sink PTS-2 D [PTS2-D] $18.00
http://theledguy.chainreactionweb.com/product_info.php?cPath=48_53&products_id=745
Cree XR-E Q5 Star $28 for 3 shipped from DX:
http://www.dealextreme.com/details.dx/sku.2394
AMC7135 1050mA Regulated Circuit Board for DIY Flashlights 20-Pack $26.95 ($1.35 each) (They only sell this in a 20-pack, but they're cheap and you can use them in many inexpensive flashlights)
http://www.dealextreme.com/details.dx/sku.3201
UCL Lens $7
http://www.flashlightlens.com/item--UCL%AE-Lens--UCL_Lens.html
Fraen 19mm Cree XRE reflector - $1 each from Arrow Electronics
http://www.arrownac.com/
Search for FRC-N1-XR79-0R
3D Maglite - $18 at department stores
4D Maglite - $20 at department stores
18 + 28 + 4 + 7 + 5 + 18 = $80 (maybe $85 depending on how much shipping will be on the reflectors)
This mockup may not be the premium way to build a Tri-LED Mag, but it should work. The AMC7135 boards are basically linear regulators that if not anything else, act as a "smart resistor". Most likely you won't get 1000mA to each emitter in a 3D setup...even in a single emitter setup, CPF members have measured 900+ mA on a 3Ds. My guestimate, each emitter would probably get around 700mA in a 3D Mag. If you went with a 4D, you probably could get 900mA. Why I believe this will work is because Gene Malkoff has already built a Tri-SSCP4 Mag dropin using 3 of the drivers he uses in his single emitter dropin. He said it ran optimally in a 4D Mag (which incidentally is the largest size Mag you could use his single emitter dropin with). He also said his Tri-SSCP4 dropin would also work in a 3 or even 2 D Mag, but a reduced output. Now applying how he's got that to work, the same principle idea should work with what the mockup that I just covered. It may not be the ideal way to build a multi-emitter Mag Mod, but is a possible lower cost option.