It is unfortunate that the standby current is so high. Once it was revealed how the rotating switch worked it was clear there was a parasitic drain without the tail cap. I like tail standing this light so much, that i'm not going to be installing the tail switch. It isn't a light I need to grab very often and have instant on, so when in prolonged storage or sitting on the shelf I'm loosening the bezel a couple of turns to break the circuit.
The water proofness issue has been solved. Just need to install the little o-rings for the screws. I'll register my light soon, and I understand EagleTac will send them for free. Not a big deal for me, but it will be nice to get it sealed up.
I'm "very" happy with this light, but my expectations were no doubt different from others.