I don't remember ever being against production, I just said I felt unlikely to buy one myself (and I still haven't bought one) given my current (hopefully temporary) semi-poverty. It does look like a real nice light, even better than I expected, and it's now on my "I'd like one someday" list. But that list is rather long /ubbthreads/images/graemlins/smile.gif.
The crossed polarizer brightness adjustment was something I thought of a couple nights ago for my CMG Infinity but the Arc could use it too. There are times when I want a light with about 1/100th to 1/10th the brightness of the Arc.
As for red LED: pocketlights.com is selling some Arc AAA's with red LED's. That, I'm somewhat tempted by. I have a red CMG Infinity which is a little bit large for the very occasional use I'd make of it, and a red Photon II which is handy, but is just a coin cell light.
I also hope the tail stand makes it to the Arc AAA (I think I've mentioned that before). I'd almost certainly buy another AAA if that happened. I'd probably keep my old one as a backup rather than sell it on BST.