Bikeflyer,
Let me add my confirmation to Patric's and Louie's testimony. The PA40 'neutral' isn't warm at all. I suppose you could say that it's a "true" neutral in that it's not really warm, but at the same time it's not truly a cool tint either. I ordered one a few weeks ago, and it is a very nice light. My experience with the tint is exactly the same; a pure white hotspot with no hint of any color that I can see, a yellowish corona with a slight hint of green on the outer fringes, and a bluish perhaps even a little purple spill area. This really bugged me at first, as I'm very picky about tint. If my use was to be as an inside light, or an EDC light, I wouldn't be happy with it at all. But even before I made the purchase, I had already decided that I'd be using it for camping, emergency prep, BOB use, etc. so the tint is much less of an issue for me in those situations. So, rather than keep it in the stable with my other gear, I've added it to the collection of camping equipment and emergency supplies we keep on hand, as for me, that's the best use of this light.
Also, the beam profile is unusual in that the corona area is a lot more defined than in other lights, which typically have a two step profile of hotspot and spill. It has a larger secondary area around the hotspot, the corona area, that is pretty well defined between the hotspot and spill, so it's almost like it's got two spill zones, a smaller brighter one around the hotspot, and the typical wider dimmer one as well. It's taken me some time to get used to it, but it's actually very nice in actual use, because you only really see the break point between the hotspot and corona when white wall hunting. In the field, it looks like one big bright area that tapers off in brightness towards the edges of the beam. That makes it very floody, and for my outdoor needs, it works very well.
Overall, it's a very nice light. It's bright, has excellent run time even on the max mode, and is a good floody light for short to medium range use. It does throw pretty well just from sheer horsepower on the highest modes too, although it's not really a true thrower. Unless you really do want a warmer tint, or a more dedicated thrower, it'll probably be fine for you.