The sad thing is.....Mark2 is right.
That is very depressing indeed. We'll see what happens after that. It may be a good or bad thing. If Mag becomes popular with LEDs, then there will be more competition, there will be more popularity with LEDs, and then the production and progress of LED technology will speed up.
The bad thing is...it's Mag, and they will put every patent on there design so it may be impossible for other companies to develop there own lights.