Digital is a pretty imprecise term. All it really means is that the device in question uses discrete states instead of continuous variations. It doesn't even have to be binary, though that is commonly associated with digital logic. The L4 qualifies in the simplest sense because it has an on/off switch and not a dimmer. I think Surefire is using it to mean that the on state is regulated, so it's either on or off instead of on at xx% of maximum brightness or off.
A fundamental part of digital circuitry at the low level is distinguishing between on and off. Voltages in a certain range are all considered on, and those within another range are considered off (anything else is noise). As signal degrades, various components will filter that signal back into a nicely polarized state. That's essentially what the L4 regulator is trying to do--if there's enough juice in the batteries, crank it up to a consistent, level output (the on value), basically a high-pass filter. Presumably it does _not_ do the opposite, i.e., drop the output to zero when there's not enough juice for a one, but there is still adequate parallel between what an L4 does and conventional digital circuitry to warrant the name.
- Russ