I have ran mine from a fresh set of batteries until it is very dim. Here is a break down.
full brightness (no dimming): 1hr 12 minutes, hot but not like L4 hot.
sharp step down (about half as bright within 3 seconds): run for another 30 min before...
another step down (very little light, say about 10 lumen-ish): 20 min.
The thing about the higher end Surefire lights is you get better regulation and heat management. The new 6PL and G2 gets a blast in brightness but it only lasts a few minutes and then it starts to dim (due to poor heat management). L6, L5, L4, and E2L's (Cree and Luxeons) all perform at pretty steady output (no dimming for the life of the batteries). The thing about lithiums is it also puts out a constant current for 95% of it's life, so voltage and current drop only occurs when batteries are nearly exhausted.
By the way, the new E2L-Cree gets a flat airport runway MAXX output for
9 hrs.
, then 5 hrs. of continuous step down dimming.:devil::devil::devil: